Why Live in Riverwood
Riverwood, Kentucky, is a neighborhood known for its proximity to the Ohio River and historic Louisville landmarks. Established in the 1950s, Riverwood features spacious homes with midcentury brick construction on quarter to half-acre lots, shaded by mature oak trees. The neighborhood is less than seven miles from downtown Louisville, offering a peaceful residential setting with easy access to urban amenities. Students in Riverwood can attend highly rated schools such as Dunn Elementary and Ballard High, which is part of the Academies of Louisville program. Local attractions include Riverwood Park, Locust Grove, and the nearby 53-acre Thurman Hutchins Park, which offers trails, fishing, and sports fields. The Louisville Country Club provides additional recreational options with its golf course, swimming pool, and tennis courts. Dining options within a 10-mile radius include the River House Restaurant and Raw Bar, The Pine Room, and Anoosh Bistro. The neighborhood is also close to the Louisville Water Tower and the Holiday Manor Shopping Center. Riverwood residents benefit from efficient travel routes via Interstate 71, connecting them to downtown Louisville and the Louisville International Airport. Historical sites such as the home of George Rogers Clark and events like the Antiques Market & Fall on the Farm and Thunder Over Louisville add to the community's rich cultural tapestry.
Frequently Asked Questions
What is the average home price in Riverwood, KY?
Homes for sale in Riverwood, KY have an average home price of $575,000.
Are home prices dropping in Riverwood?
Yes, home prices in Riverwood are down 33% in the last 12 months.
How many homes have sold over the last 12 months in Riverwood, KY?
1 home has sold in Riverwood, KY over the last 12 months.
What are the most popular zip codes in Riverwood, KY?
How much do you need to make to afford a house in Riverwood?
The median home price in Riverwood is $575,000. If you put a 20% down payment of $115,000 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $2,960 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $127K a year to afford the median home price in Riverwood.
How are the schools in Riverwood, KY?
Home Trends in Riverwood, KY
On average, homes in Riverwood, KY sell after 4 days on the market compared to the national average of 50 days. The median sale price for homes in Riverwood, KY over the last 12 months is $555,000, down 38% from the median home sale price over the previous 12 months.
Median Sale Price
$555,000
Median Single Family Sale Price
$555,000
Average Price Per Sq Ft
$200
Last 12 months Home Sales
1
Median List Price
$575,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-38%