Portsmouth Has the South Coast's Biggest Asking Price Gap, But Not for Terraced Homes
Published 14 October 2026 · Offer Smart Insights
Portsmouth homes are typically listed 9.6% above the average sold price: £275,000 median asking vs £251,000 sold, the widest gap of Bournemouth, Southampton and Portsmouth. Terraced homes buck the trend, listed 2.2% below the average sold price.
Overall asking vs sold
+9.6%
£24,000 above
Terraced
−2.2%
Listed below sold prices
Detached
+6.0%
£31,000 above
Asking vs sold by property type in Portsmouth
| Property type | Median asking price | Average sold price | Gap (£) | Gap (%) |
|---|---|---|---|---|
| All | £275,000 | £251,000 | £24,000 | +9.6% |
| Flat | £175,000 | £166,000 | £9,000 | +5.4% |
| Terraced | £270,000 | £276,000 | -£6,000 | -2.2% |
| Semi-detached | £350,000 | £350,000 | £0 | 0.0% |
| Detached | £550,000 | £519,000 | £31,000 | +6.0% |
The story
Portsmouth has the widest gap between asking and sold prices of the three south coast cities, new analysis by Offer Smart shows. The typical home is listed at £275,000, against an average sold price of £251,000, a gap of £24,000 (9.6%).
Terraced homes, which make up the largest share of Portsmouth listings, are the exception. They are listed at a median of £270,000, 2.2% below the average sold price of £276,000, which rose 2.4% in the year to July 2026. Semi-detached homes are listed right at their average sold price of £350,000, while detached homes are listed 6.0% above and flats 5.4% above.
“The gap between asking and sold prices on the south coast is real. Knowing it puts you in a stronger position than most buyers.”
What this means if you're buying in Portsmouth
- Terraced homes are listed at or below sold prices, so a low offer is less likely to land; check the street's recent sales.
- Detached homes and flats have more room.
- Use the time on the market (median 129 days) as a guide to the seller's flexibility.
How Portsmouth compares
| City | Overall gap |
|---|---|
| Bournemouth | +3.4% |
| Southampton | +9.4% |
| Portsmouth | +9.6% |
Read the full south coast asking vs sold research →
FAQ
How much above sold prices are Portsmouth homes listed?
Portsmouth homes are listed at a median of £275,000, 9.6% (£24,000) above the average sold price of £251,000, the widest gap of Bournemouth, Southampton and Portsmouth.
Are terraced houses in Portsmouth good value?
Terraced homes are listed at a median of £270,000, 2.2% below their average sold price of £276,000, so asking prices are already close to what they sell for. Check recent sales on the street before offering.
How much below asking should I offer in Portsmouth?
It depends on the property type. Detached homes are listed 6.0% above sold prices and flats 5.4% above, while terraced homes are listed below. Homes on the market longer than the 129-day median may have more flexibility.
What is the average house price in Portsmouth?
The average sold price in Portsmouth was £251,000 in July 2026 (provisional UK House Price Index), up 1.3% on the year.
Method and sources
Asking prices are medians of homes listed for sale, from home.co.uk. Sold prices are UK House Price Index average prices for July 2026 (provisional), published by HM Land Registry and ONS, for the local authority. Search areas and boundaries are not identical, and the HPI is a mix-adjusted average while asking prices are medians, so gaps are indicative. Contains HM Land Registry data © Crown copyright and database right 2026. Contains public sector information licensed under the Open Government Licence v3.0.