Quote:
Originally Posted by Justabystander
Not only does this not match up to the North Shore in price or substance, but it also doesn't match up to Hinsdale, Oak Brook or Burr Ridge in the western suburbs, where teardowns, at least in Hinsdale, have gone for almost as much as the most expensive house in Haverford that you have shown here. These suburbs are inland, and IMO are more dynamic than the main line suburbs of Philly, which are nice in their own historic way.
|
Based on my research of both areas, I'll just have to respectfully disagree. Even so, this isn't meant to be real estate p*ssing match that it's turned out as. The bottom line is both areas have very desirable suburbs--we don't need to compare stratospheric prices on gargantuan homes to prove this.
Just for some perspective, as of 2014 Q2, based on data from the National Association of Realtors, here are the median sales prices in both metro areas:
Chicago: $218,000
Philadelphia: $227,200
On the whole, both areas have very comparable housing costs/sales that are only slightly above the national average (and, I might add, are very balanced with relatively high median incomes, lending to widespread affordability):
http://www.realtor.org/sites/default...2014-08-12.pdf
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
