Riverwoods, IL, Real Estate

Riverwoods, Illinois, is a serene, affluent village in Lake County, located about 25 miles north of Chicago. With a population of approximately 3,800 as of the 2020 census, it is known for its lush, wooded landscapes and spacious residential properties, offering a tranquil suburban escape. The village is home to the Edward L. Ryerson Conservation Area, a 550-acre nature preserve with trails and the Des Plaines River running through it, attracting hikers and nature enthusiasts. Riverwoods also boasts a low-key charm with a focus on community, featuring local businesses and easy access to nearby Deerfield’s amenities, blending rural beauty with modern convenience.

Riverwoods currently has 8 single family homes for sale with an average list price of $1,437,175 and 3 lots for sale with an average list price of $416,633. The average annual property tax for Riverwoods is $18,756.15.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Riverwoods, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Country Club Estates

Country Club Estates is a single-family home community in Riverwoods, Illinois, built between 1976 and 1997. It currently has no homes for sale. The homes range in size from 2,650 ft2 to 4,152 ft2. The HOA fees range from $10 to $33 per month. The average annual property tax for Country Club Estates is $18,150.03. It is located in Lake County. Country Club Estates is a single family home neighborhood. Country Club Estates is located in Riverwoods, Illinois north of Deerfield Road and east of Riverwoods Road. ... Read more
Median Price: $1,055,000
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Hiawatha Woods

Hiawatha Woods is a single-family home community in Riverwoods, Illinois, built in 2006. It currently has no homes for sale. The homes have an average size of 6,879 ft2. The average annual property tax for Hiawatha Woods is $46,300.12. It is located in Lake County. Hiawatha Woods is a single family home neighborhood. Hiawatha Woods is located in Riverwoods, Illinois south of Riverwoods Road and east of Portwine Road. ... Read more
Median Price: $1,510,000
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Indian Trail

Indian Trail is a single-family home community in Riverwoods, Illinois, built in 1961. It currently has no homes for sale. The homes range in size from 1,500 ft2 to 2,109 ft2. The average annual property tax for Indian Trail is $11,719.50. It is located in Lake County. Indian Trail is a single family home subdivision. Indian Trail is located in Riverwoods, Illinois east of Riverwoods Road and south of Duffy Lane. ... Read more
Median Price: $643,500
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Meadowlake

Meadowlake is a single-family home community in Riverwoods, Illinois, built between 1980 and 1992. It currently has no homes for sale. The homes range in size from 3,107 ft2 to 6,089 ft2. The HOA fees range from $117 to $142 per month. The average annual property tax for Meadowlake is $19,135.31. It is located in Lake County. Meadowlake is a single family neighborhood built in the 1980's. Meadowlake is located in Riverwoods, Illinois east of Route 21 and north of Deerfield Road. ... Read more
Median Price: $957,500
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Russell

Russell is a single-family home community in Riverwoods, Illinois, built between 1952 and 1997. It currently has 1 single family home for sale with a list price of $1,190,400. The homes have an average size of 4,214 ft2. The average annual property tax for Russell is $15,198.69. It is located in Lake County. Russell is a single family home subdivision. Russell is located in Riverwoods, Illinois east of Riverwoods Road and south of Duffy Lane. ... Read more
Median Price: $821,000
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Subdivisions

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Market Trends

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Nearby Parks

Ryerson Conservation Area

21950 North Riverwoods Road
Cross-Country Skiing Hiking Paths

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Real Estate News

New Homes For Sale This Week in Riverwoods: April 17th to April 23rd

New Homes For Sale This Week in Riverwoods: April 17th to April 23rd - April 24, 2026

Riverwoods had 2 new homes for sale during the week of Friday, April 17 to Thursday, April 23, including including 2 single family homes for sale with an average list ... continue reading
Homes Just Sold in Riverwoods: April 14th to April 20th

Homes Just Sold in Riverwoods: April 14th to April 20th - April 21, 2026

Riverwoods had only 1 sale during the week of Tuesday, April 14 to Monday, April 20, including and it was a single family home for sale with a list price ... continue reading
New Homes For Sale This Week in Riverwoods: April 3rd to April 9th

New Homes For Sale This Week in Riverwoods: April 3rd to April 9th - April 10, 2026

Riverwoods had only 1 new home for sale during the week of Friday, April 3 to Thursday, April 9, including and it was a single family home for sale with ... continue reading
Homes Just Sold in Riverwoods: March 31st to April 6th

Homes Just Sold in Riverwoods: March 31st to April 6th - April 7, 2026

Riverwoods had only 1 sale during the week of Tuesday, March 31 to Monday, April 6, including and it was a single family home for sale with a list price ... continue reading
Homes Just Sold in Riverwoods: March 17th to March 23rd

Homes Just Sold in Riverwoods: March 17th to March 23rd - March 24, 2026

Riverwoods had only 1 sale during the week of Tuesday, March 17 to Monday, March 23, including and it was a single family home for sale with a list price ... continue reading
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