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 14 single family homes for sale with an average list price of $1,317,643.50 and 2 lots for sale with an average list price of $499,950. The average annual property tax for Riverwoods is $18,672.81.

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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 1964 and 1997. It currently has 1 single family home for sale with a list price of $799,000. The homes range in size from 2,240 ft2 to 4,469 ft2. The average annual property tax for Country Club Estates is $16,666.82. 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: $1,350,000
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Hiawatha Woods

Hiawatha Woods is a single-family home community in Riverwoods, Illinois, built between 1963 and 2006. It currently has 1 single family home for sale with a list price of $1,650,000. The homes range in size from 4,045 ft2 to 6,879 ft2. The average annual property tax for Hiawatha Woods is $31,498.87. 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
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Indian Trail

Indian Trail is a single-family home community in Riverwoods, Illinois, built between 1959 and 1963. It currently has no homes for sale. The homes range in size from 1,500 ft2 to 4,827 ft2. The average annual property tax for Indian Trail is $13,988.75. 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: $587,000
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Meadowlake

Meadowlake is a single-family home community in Riverwoods, Illinois, built between 1980 and 1990. It currently has no homes for sale. The homes range in size from 3,090 ft2 to 6,089 ft2. The average annual property tax for Meadowlake is $18,112.27. 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: $865,000
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Russell

Russell is a single-family home community in Riverwoods, Illinois, built between 1952 and 1998. It currently has no homes for sale. The average annual property tax for Russell is $17,162.33. 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: $868,000
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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

Nearby Parks

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Real Estate News

New Homes For Sale This Week in Riverwoods: July 18th to July 24th

New Homes For Sale This Week in Riverwoods: July 18th to July 24th - July 25, 2025

Riverwoods had only 1 new home for sale during the week of Friday, July 18 to Thursday, July 24, including and it was a single family home for sale with ... continue reading
Homes Just Sold in Riverwoods: June 24th to June 30th

Homes Just Sold in Riverwoods: June 24th to June 30th - July 1, 2025

Riverwoods had only 1 sale during the week of Tuesday, June 24 to Monday, June 30, including and it was a single family home for sale with a list price ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Riverwoods: June 21st to June 27th

New Homes with Master Bedrooms on the 1st Floor in Riverwoods: June 21st to June 27th - June 28, 2025

Riverwoods had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, June 21 to Friday, June 27, including 2 single ... continue reading
New Homes For Sale This Week in Riverwoods: June 20th to June 26th

New Homes For Sale This Week in Riverwoods: June 20th to June 26th - June 27, 2025

Riverwoods had 3 new homes for sale during the week of Friday, June 20 to Thursday, June 26, including including 2 single family homes for sale with an average list ... continue reading
New Golf Course Lots For Sale in Riverwoods: June 17th to June 23rd

New Golf Course Lots For Sale in Riverwoods: June 17th to June 23rd - June 24, 2025

Riverwoods had only 1 new home backing up to golf courses for sale during the week of Tuesday, June 17 to Monday, June 23, and it was a single family ... continue reading
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