What is the median home value in Riverwoods, IL?
The median value of owner-occupied homes in Riverwoods, IL is $800,700 (±$49,740), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Riverwoods, the median home value went from $714,500 in 2015–2019 to $800,700 in 2020–2024 (+12.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- Median home value
- $800,700 (±$49,740)
- Owner-occupied homes
- 1,158 (±109)
- Most common range
- $500,000 to $999,999
Home values in Riverwoods
| Value | Riverwoods | Lake County | Illinois | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.5% (±0.6 points) | 3.0% | 5.4% | 5.3% |
| $50,000 to $99,999 | 1.0% (±1.6 points) | 1.5% | 8.3% | 6.1% |
| $100,000 to $149,999 | 1.8% (±2.1 points) | 4.7% | 9.7% | 6.8% |
| $150,000 to $199,999 | 1.5% (±2.4 points) | 11.0% | 11.8% | 9.0% |
| $200,000 to $299,999 | 1.5% (±1.7 points) | 21.7% | 22.3% | 17.8% |
| $300,000 to $499,999 | 11.0% (±5.4 points) | 31.4% | 27.7% | 26.9% |
| $500,000 to $999,999 | 60.9% (±9.5 points) | 21.4% | 12.1% | 20.9% |
| $1,000,000 or more | 21.8% (±7.2 points) | 5.4% | 2.7% | 7.1% |
The most common range is $500,000 to $999,999, 60.9% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Riverwoods against Lake County, its state and the nation
| Riverwoods | Lake County | Illinois | United States | |
|---|---|---|---|---|
| Median home value | $800,700 (±$49,740) | $345,700 (±$3,502) | $263,300 (±$797) | $332,700 |
| Owner-occupied homes | 1,158 (±109) | 193,403 (±1,802) | 3,378,910 (±14,728) | 84,210,142 |
In Riverwoods, the median home value is higher than in Lake County ($345,700).
It is also higher than in Illinois ($263,300).
It is higher than the national figure ($332,700).
In Lake County, Riverwoods ranks 5 of 71 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 17 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Riverwoods have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $714,500 (±$37,504) | $800,700 (±$49,740) | +12.1% | Down after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Riverwoods
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Riverwoods | — | $800,700 (±$49,740) | — |
| Bannockburn | 1.9 mi | $1,037,200 (±$207,983) | Higher |
| Lincolnshire | 2.0 mi | $677,700 (±$49,803) | Lower |
| Deerfield | 2.2 mi | $623,400 (±$17,648) | Lower |
| West Deerfield Township | 2.5 mi | $714,300 (±$17,002) | Lower |
| Vernon Township | 3.1 mi | $488,400 (±$10,021) | Lower |
| Wheeling | 3.3 mi | $266,200 (±$17,846) | Lower |
| Buffalo Grove | 3.5 mi | $412,300 (±$11,795) | Lower |
| Northbrook | 4.3 mi | $652,300 (±$20,230) | Lower |
Nearby places with a measurably lower figure: Lincolnshire, IL ($677,700), Deerfield, IL ($623,400), West Deerfield Township, IL ($714,300).
Nearby places with a measurably higher figure: Bannockburn, IL ($1,037,200).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Lake County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Bannockburn | $1,037,200 (±$207,983) |
| 2 | Lake Forest | $938,300 (±$36,426) |
| 3 | Mettawa | $871,500 (±$173,516) |
| 4 | Long Grove | $804,600 (±$50,264) |
| 5 | Riverwoods | $800,700 (±$49,740) |
| 6 | Lake Bluff | $776,700 (±$60,138) |
| 7 | Kildeer | $770,700 (±$55,500) |
| 8 | North Barrington | $765,900 (±$50,095) |
| 9 | West Deerfield Township | $714,300 (±$17,002) |
| 10 | Lincolnshire | $677,700 (±$49,803) |
| 11 | Green Oaks | $673,100 (±$31,296) |
Showing 11 of 71 places in Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Riverwoods
What is the average home value in Riverwoods, IL?
The Census Bureau publishes the median: $800,700 (±$49,740) for owner-occupied homes in Riverwoods (2020–2024 American Community Survey).
Have home values in Riverwoods gone up?
In Riverwoods, the median home value went from $714,500 in 2015–2019 to $800,700 in 2020–2024 (+12.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Is this what homes in Riverwoods sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Riverwoods village, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Riverwoods village, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Riverwoods village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Riverwoods village, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Riverwoods village, Illinois (place:64538, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Riverwoods at a glance
- Income and affordability in Riverwoods
- Homeowner costs in Riverwoods
- Property taxes in Riverwoods
- Types of homes in Riverwoods
- Age of homes in Riverwoods
- Heating fuel in Riverwoods
- Commute and cars in Riverwoods
- Crime reported to police in Riverwoods
- Population growth in Riverwoods
- How long people stay in Riverwoods
- Fair Market Rent in Riverwoods
- Illinois landlord and tenant rules
- Housing across Lake County
- Illinois places ranked by median home value
- Housing data for every place in Illinois