The Patriots May Have the Better Super Bowl Record, But Homeownership is More Within Reach in Philadelphia
SEATTLE — January 30, 2018 — (NASDAQ: RDFN)--Philadelphians are more likely to own their homes than Bostonians, but homes in Boston are bigger, according to a Super Bowl City Showdown analysis conducted by Redfin (www.redfin.com), the next-generation real estate brokerage. In a new report, Redfin examines housing affordability and other aspects of livability in Boston and Philadelphia to see how the Super Bowl LII contenders stack up.
- Philadelphians are more likely to own homes. Fifty-four percent of homes there are owner occupied, compared to 34 percent in Boston.
- Homes are more affordable in Philadelphia, where the median home sale price is $185,000, versus $635,000 in Boston.
- There are more homes for sale in Philadelphia than in Boston. More than 4,700 Philadelphia homes are listed for sale on Redfin.com, compared to just over 700 in Boston.
- Homes in Boston are bigger. The average Boston home that sold last year was 1,696 ft² compared to 1,334 ft² in Philadelphia.
- Boston is more walkable, with a Walk ScoreⓇ of 81, two points higher than Philadelphia.
"Philadelphia, the ‘City of Brotherly Love’ and former capital of the United States, is home to the nation’s first zoo and the oldest residential block in the country… not to mention rabid sports fans,” said Philadelphia Redfin agent Erik Lee. “Boston may have had their very own tea party, but this is where our country was founded. The perpetual underdogs in both fact and fiction, Philadelphians--for better or worse--stick by their teams through thick and thin. We may be going up against ‘The Hoodie’ and TB12, but my money rides the Birds’ front 7 and a 53-man roster with the heart of all the Rockys combined."
"Can you guess which U.S. city tops lists every year for the most educated, healthy and entrepreneurial? Or how about the one that has the most recent professional sports championships? If you guessed Philadelphia, eat another cheesesteak!” said Boston Redfin agent James Gulden. “Boston is the home of the Patriots, the winning-est NFL team in the modern era. They'll be playing for their sixth championship when they appear in their 10th super bowl -- their eighth appearance within the last 17 years. Holy chowder! Philadelphia might have Rocky Balboa, 'The Italian Stallion', but Boston has Bill 'The Hood' Belichick. Game On!"
Redfin pulled data from sources like Yelp, Walk Score, U.S. Census and Redfin.com to compare the two cities.
To read the full report, complete with data for each market, please visit:
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer's favor. Founded by software engineers, Redfin has the country's #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry's lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $50 billion in home sales.
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Redfin Journalist Services:
Natalie Schwab, 206-588-6863