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Homes for Sale in Portsmouth, VA: $200,000 to $300,000

118 homes for sale in Portsmouth, VA from $200,000 to $300,000 from REIN MLS · Listing data as of Oct 6, 5:10 PM ET (syncs every 2 minutes)

118 homes are for sale in Portsmouth from $200,000 to $300,000 today, at a median list price of $260,000. The typical one has 3 bedrooms and about 1,362 sq ft, and was built in 1942. Counting the 31 homes listed under $200,000, 149 Portsmouth homes are on the market under $300,000. Portsmouth homes for sale under $200,000 →

Tom & Dariya Milan, RealtorsBrokered by LPT Realty · Call or text (757) 777-7577

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Source: REIN MLS. These figures exclude homes under contract.

Shop byShop Portsmouth homes byUnder $200K 45$300K–$400K 103$400K–$500K 24Condos & townhomes 31New construction 14Waterfront 16Land & lots 14On this pageMarketContactFAQ

118 Portsmouth homes for sale in this price range right now

(+71 under contract)
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Showing 1–60 of 189

Homes for sale are listed first, newest listings first; homes under contract follow.

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Price cuts this week: Portsmouth homes from $200,000 to $300,000

Price reduced (46)

46 of 118 homes for sale have had a price cut.

Price ranges

Portsmouth, VA homes for sale by price range

Medians of active REIN MLS listings, October 6, 2026. Lots and land are counted separately and left out of the typical beds, size and year built. Est. payment is principal and interest only, 30-year fixed at 6.65% (an assumption, not a quote) with 20% down; taxes, insurance and HOA fees are extra. Estimates are for informational purposes only and do not constitute a loan offer or pre-approval. Compare local lenders: Hampton Roads lenders.
Price rangeHomes for saleTypical bedsTypical sizeTypical year builtEst. P&I / moListings
Under $200K31+14 lots21,032 sqft1960Est. payment up to $1,027/moSee all 45 listings →
$200K–$300K11831,362 sqft1942Est. payment $1,284/moShown on this page
$300K–$400K10331,800 sqft1958Est. payment $1,798/moSee 103 homes →
$400K–$500K2442,511 sqft1959Est. payment $2,311/moSee 24 homes →
$500K–$750K843,621 sqft1910Est. payment $3,210/mo
Over $750K323,174 sqft1986Est. payment from $3,852/mo

Market snapshot

Portsmouth homes from $200,000 to $300,000: market snapshot, October 2026

Of the 118 homes for sale in Portsmouth from $200,000 to $300,000, 46 (39%) have had a price cut, and another 71 are under contract. The median active listing has been on the market 13 days (REIN).

For sale now

Median price per sq ft
$187
Under contract
71
With a price cut
4639% of homes for sale

Recently sold

Homes sold
388
Median sold price
$255,000
Median days on market (REIN)
20 days
Median sold price per sq ft
$198

Closed sales from REIN MLS, March 2026 – September 2026.

Portsmouth housing market trends →Portsmouth market report PDF →

Data: REIN MLS, October 6, 2026.

Tom and Dariya Milan

Your agents

Your Portsmouth real estate agents: Tom & Dariya Milan

Tom & Dariya Milan, Realtors

Brokered by LPT Realty

We are Tom and Dariya Milan, a husband-and-wife team of licensed real estate agents in Virginia, serving Hampton Roads since 2005. Our office is at Town Center in Virginia Beach, and we are members of REIN MLS, the listing service behind every home on this page. In Portsmouth our work takes us across Olde Towne, Churchland, Cradock, Park View, Western Branch and West Norfolk. Call or text us about any Portsmouth home on REIN MLS, or ask for a private showing.

Office: 249 Central Park Ave Ste 300-220, Virginia Beach, VA 23462

Call or text (757) 777-7577

What's my Portsmouth home worth? →About Tom & Dariya →

FAQ

Homes for sale in Portsmouth, VA from $200,000 to $300,000: FAQ

How many homes are for sale in Portsmouth, VA from $200,000 to $300,000?

As of October 6, 2026, REIN MLS shows 118 homes for sale in Portsmouth from $200,000 to $300,000. Another 71 listings are under contract. Of the 118 homes for sale, 13 have been listed since September 30 and 46 have had a price cut.

All Portsmouth homes for sale →

What do homes from $200,000 to $300,000 in Portsmouth look like?

The median list price of the 118 homes for sale in Portsmouth from $200,000 to $300,000 is $260,000 as of October 6, 2026. The typical home has 3 bedrooms and about 1,362 sq ft, and was built in 1942. The median list price per square foot is $187.

Portsmouth housing market trends →

How fast do homes from $200,000 to $300,000 sell in Portsmouth?

From March 2026 through September 2026, 388 homes in Portsmouth sold from $200,000 to $300,000 on REIN MLS, at a median sold price of $255,000. The median closed sale was on the market 20 days (REIN).

Market snapshot and recent sales →

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