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Homes for Sale in Portsmouth, VA: $400,000 to $500,000

20 homes for sale in Portsmouth, VA from $400,000 to $500,000 from REIN MLS · Listing data as of Oct 10, 4:10 PM ET (syncs every 2 minutes)

20 homes are for sale in Portsmouth from $400,000 to $500,000 today, at a median list price of $449,500. The typical one has 4 bedrooms and about 2,610 sq ft, and was built in 1959.

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

All Portsmouth homes for sale →

Shop byShop Portsmouth homes byUnder $200K 40$200K–$300K 119$300K–$400K 103Condos & townhomes 33New construction 14Waterfront 15Land & lots 11On this pageMarketContactFAQ

20 Portsmouth homes for sale in this price range right now

(+11 under contract)
Skip the 31 listings

Showing 1–31 of 31

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

Price ranges

Portsmouth, VA homes for sale by price range

Medians of active REIN MLS listings, October 10, 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 $200K29+11 lots21,030 sqft1958Est. payment up to $1,027/moSee all 40 listings →
$200K–$300K11931,340 sqft1942Est. payment $1,284/moSee 119 homes →
$300K–$400K10331,800 sqft1958Est. payment $1,798/moSee 103 homes →
$400K–$500K2042,610 sqft1959Est. payment $2,311/moShown on this page
$500K–$750K843,242 sqft1910Est. payment $3,210/mo
Over $750K323,174 sqft1986Est. payment from $3,852/mo

Market snapshot

Portsmouth homes from $400,000 to $500,000: market snapshot, October 2026

Of the 20 homes for sale in Portsmouth from $400,000 to $500,000, 8 (40%) have had a price cut, and another 11 are under contract. The median active listing has been on the market 24 days (REIN).

For sale now

Median price per sq ft
$172
Under contract
11
With a price cut
840% of homes for sale

Recently sold

Homes sold
57
Median sold price
$429,000
Median days on market (REIN)
26 days
Median sold price per sq ft
$186

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

Portsmouth housing market trends →Portsmouth market report PDF →

Data: REIN MLS, October 10, 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 $400,000 to $500,000: FAQ

How many homes are for sale in Portsmouth, VA from $400,000 to $500,000?

As of October 10, 2026, REIN MLS shows 20 homes for sale in Portsmouth from $400,000 to $500,000. Another 11 listings are under contract. Of the 20 homes for sale, 2 have been listed since October 4 and 8 have had a price cut.

All Portsmouth homes for sale →

What do homes from $400,000 to $500,000 in Portsmouth look like?

The median list price of the 20 homes for sale in Portsmouth from $400,000 to $500,000 is $449,500 as of October 10, 2026. The typical home has 4 bedrooms and about 2,610 sq ft, and was built in 1959. The median list price per square foot is $172.

Portsmouth housing market trends →

How fast do homes from $400,000 to $500,000 sell in Portsmouth?

From March 2026 through September 2026, 57 homes in Portsmouth sold from $400,000 to $500,000 on REIN MLS, at a median sold price of $429,000. The median closed sale was on the market 26 days (REIN).

Market snapshot and recent sales →