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Just How Much is Our Housing Market Worth?

by Peter Thomas Ricci

We all know that our housing market has quite a bit of value behind it, but what’s the big number that it all adds up to?

zillow-housing-market-value-204

We’ll cut straight to the big number – $740 billion.

That’s the cumulative value of Chicagoland’s housing market, according to a new analysis by Zillow; additionally, that $740 billion represents a healthy 5.7 percent increase from 2013.

See our graph below for a fuller picture on how Chicagoland’s market compares with other markets:

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