The United States housing market has hit a record US$55.1 trillion (A$83.23 trillion), according to a new report from Zillow.
The findings from the real-estate marketplace platform saw that the market has risen 57% since 2020, reaching a value of $20 trillion in just five years.
Not all the growth was equal, however, with some states massively outpacing others.
New York led the charge with a one-year gain of $216 billion, New Jersey at $101 billion, Illinois $89 billion and finally Pennsylvania at $73 billion.
Conversely, there were states that saw drastic declines, with Florida taking the biggest hit at $109 billion, California facing a loss of $106 billion and Texas down $32 billion.
Nine metro areas also now record a housing market value of over $1 trillion.
These areas, comprising nearly one-third of the U.S. housing wealth, were found to be New York, Los Angeles, San Francisco, Boston, Washington, D.C., Miami, Chicago, Seattle and San Diego.
