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

24 homes for sale in Portsmouth, VA from $400,000 to $500,000 from REIN MLS · Listing data as of Sep 16, 2:10 PM ET (syncs every 2 minutes)

24 homes are for sale in Portsmouth from $400,000 to $500,000 today, at a median list price of $424,950. The typical one has 4 bedrooms and about 2,470 sq ft, and was built in 1961.

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

All Portsmouth homes for sale →

Shop byShop Portsmouth homes byUnder $200K 43$200K–$300K 114$300K–$400K 92Condos & townhomes 32New construction 12Waterfront 16Land & lots 9On this pageMarketContactFAQ

24 Portsmouth homes for sale in this price range right now

(+15 under contract)
Skip the 39 listings

Showing 1–39 of 39

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, September 16, 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 $200K34+9 lots21,017 sqft1959Est. payment up to $1,027/moSee all 43 listings →
$200K–$300K11431,362 sqft1942Est. payment $1,284/moSee 114 homes →
$300K–$400K9231,809 sqft1958Est. payment $1,798/moSee 92 homes →
$400K–$500K2442,470 sqft1961Est. payment $2,311/moShown on this page
$500K–$750K74–53,321 sqft1910Est. payment $3,210/mo
Over $750K245,126 sqft1992Est. payment from $3,852/mo

Market snapshot

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

Of the 24 homes for sale in Portsmouth from $400,000 to $500,000, 7 (29%) have had a price cut, and another 15 are under contract. The median active listing has been on the market 16 days (REIN).

For sale now

Median price per sq ft
$178
Under contract
15
With a price cut
729% of homes for sale

Recently sold

Homes sold
51
Median sold price
$435,000
Median days on market (REIN)
25 days
Median sold price per sq ft
$187

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

Portsmouth housing market trends →Portsmouth market report PDF →

Data: REIN MLS, September 16, 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 September 16, 2026, REIN MLS shows 24 homes for sale in Portsmouth from $400,000 to $500,000. Another 15 listings are under contract. Of the 24 homes for sale, 5 have been listed since September 10 and 7 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 24 homes for sale in Portsmouth from $400,000 to $500,000 is $424,950 as of September 16, 2026. The typical home has 4 bedrooms and about 2,470 sq ft, and was built in 1961. The median list price per square foot is $178.

Portsmouth housing market trends

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

From March 2026 through August 2026, 51 homes in Portsmouth sold from $400,000 to $500,000 on REIN MLS, at a median sold price of $435,000. The median closed sale was on the market 25 days (REIN).

Market snapshot and recent sales