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Featured local agent — Riverwoods, IL
Sarah Mitchell
Compass Real Estate · Riverwoods, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Riverwoods, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.19Mmedian sale price
How is the Riverwoods, IL housing market right now?
The median home sale price in Riverwoods, IL is $1.19M, up 39.5% year-over-year. Homes sell in an average of 21 days with 13 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Riverwoods a buyer's or seller's market?
Riverwoods, IL is currently a balanced market, based on 6.5 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
21
Average pace
Active listings
13
6.5 months supply
Sale-to-list
104.2%
Above asking
What does the Riverwoods housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.19M |
| Median list price | $1.20M |
| Year-over-year price change | +39.5% |
| Average days on market | 21 days |
| Active inventory | 13 listings |
| Months of supply | 6.5 months |
| Sale-to-list price ratio | 104.2% |
| Median price per sq ft | $383/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 7 |
| Listings with a price cut | 23.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Riverwoods by property type?
How the Riverwoods, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.19M | $383/sq ft | 2 | 21 days |
Source: Redfin · Updated monthly
The Riverwoods housing market is currently classified as a balanced market with a median sale price of $1.19M. Prices have risen 39.5% compared to last year, with homes spending an average of 21 days on market, indicating 6.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Riverwoods
There are currently 13 homes listed for sale in Riverwoods, Illinois. The median listing price is $1.2M.
Active listings
13
Homes on market
Median list price
$1.2M
Avg. days on market
21
Days until sale
New this week
7
Newly listed
Who lives in Riverwoods?
Population
3,988
Median income
$243,036/yr
Median age
50.1 years
Owner-occupied
96.0%
College grads
76.4%
Avg commute
35.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Riverwoods?
Zillow home value
$984,747
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Riverwoods?
Riverwoods is a community of approximately 4K residents with a median age of 50.1 years.The median household income is $243,036, which reflects a relatively affluent area with strong earning potential. 76.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 96.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Riverwoods offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Riverwoods, IL?
Want a head-to-head view? Compare Riverwoods side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Riverwoods?
The median home sale price in Riverwoods is $1.19M, up 39.5% from last year.
How long do homes stay on market in Riverwoods?
Homes typically spend 21 days on market before going under contract.
What is the median income in Riverwoods?
The median household income is $243,036 per year.
Is Riverwoods a buyer's or seller's market?
With 6.5 months of supply, Riverwoods is currently a balanced market.
What is the Zillow home value estimate for Riverwoods?
The Zillow Home Value Index (ZHVI) for Riverwoods is $984,747, representing the typical home value in the area.
How much does a single-family home cost in Riverwoods?
The median single-family home price in Riverwoods, IL is $1.19M (about $383 per square foot).
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