The story of this market
The typical home in ZIP 23702 sells for about $294,170, or $180 per square foot.
Prices are down 7.2% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,242 a month.
ZIP 23702 — Portsmouth
The 23702 housing market is currently experiencing a decline in median home prices, which fell 7.2% year-over-year to $237,000. Market activity remains competitive with a 97% sale-to-list ratio, though inventory and specific sales counts for this ZIP are limited in current reports. The area faces economic headwinds reflected in lower median household incomes compared to surrounding Portsmouth regions.
Median prices moved down 7.2% year over year.
Homes spend a median of 38 days on market with 1.0 months of supply — a fast-moving market.
3% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.5% · poverty 23.1% — a mixed stability profile.
ZCTA 23702, Portsmouth city, Virginia
Data sourced from Data Commons and IncomeByZipCode; specific ACS table breakdowns not fully available.
Key-figure check: median price diverges 19.4% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $237,000 (19.4% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $237,000 (-19.4% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.