Just Sold: Riverwood Estates Home Prices
See recently sold MLS® listings in Riverwood Estates. Browse sold prices and find out how much homes actually sell for.
Homes sold in the last 30 days
2
Typical sale price
$680,000
Average time to sell
17 days
Just sold in Riverwood Estates: stay updated with the newest MLS® sales as they close. We track newly sold homes daily so you never miss what's happening in your market.
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Riverwood Estates Sold Data Overview
Over the past 2 years, 10 homes have sold in Riverwood Estates, Diamond Valley, with a median sold price of $751K. Sale prices have ranged from $604K to $883K. The typical home sells in 24 days, showing a balanced market. Homes are selling at 98.1% of their list price — very close to asking price. Median property taxes in the area run approximately $5,587 annually. The most common property types sold include Detached Single Family (10).
Recently Sold in Riverwood Estates
2 homes sold in the last 30 days. Showing 2 of 2 • Updated July 14, 2026 at 4:06 AM
View all 10 on the map
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Sold Data & Market Statistics for Riverwood Estates
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$750,750
Avg: $746,530
Range: $603,500 – $883,000
98.1%
Homes selling near asking
55 days
$512
10 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(7 months)Negotiation & Cost Insights
Sold Above Asking
0%
80% sold below
Median Property Tax
$5,587/yr
Avg: $5,209
Home Size Range
1,118 – 2,073
sq ft
Price Spread
±$80,011
standard deviation
10
Homes sold (last 2 years)
2
Currently for sale
1.0
Months of Inventory (MOI)
100.0%
Absorption Rate (30d)
0
New in July 2026
2 vs 2
Sold count (last 30 vs prior 30): 0.0%
Median price: $680,000 vs $707,450 (-3.9%)
How does Riverwood Estates compare to Diamond Valley?
Riverwood Estates typical sale price
$680,000
2 sold in last 30 days
Diamond Valley typical sale price
$535,000
9 sold in last 30 days
Neighbourhood Guide: Riverwood Estates, Diamond Valley
Neighbourhood Overview
Riverwood Estates is a premium single-family home community located in the picturesque town of Diamond Valley, Alberta. Originally developed by Woodmaster Homes Ltd. alongside various custom builders, the neighbourhood is highly sought after for its blend of small-town charm and modern conveniences. With the majestic Rocky Mountains as a backdrop and the Sheep River nearby, the community offers a peaceful retreat that is only a 35 to 40-minute drive from Calgary. The local real estate market is exclusive, with 2 active listings and 10 homes sold over the past year.
Location
Situated on the Black Diamond side of the newly amalgamated town of Diamond Valley, Riverwood Estates enjoys a prime location in the scenic Alberta foothills. The neighbourhood is located just off the historic Cowboy Trail (Highway 22), providing excellent regional connectivity. Residents benefit from being within walking distance of the town centre, while also acting as a gateway to Kananaskis Country and Sheep River Provincial Park.
Housing Character
The housing landscape in Riverwood Estates is defined by premium, detached single-family homes. The architectural style heavily features modern custom-built bungalows and two-storey layouts with high-end finishes such as vaulted ceilings, luxury vinyl plank flooring, quartz countertops, and spacious attached double garages. Lots are designed for low-maintenance living while maximizing outdoor space and mountain views. The neighbourhood commands a strong market presence, characterized by a median sold price of $750,750 and properties averaging 55 days on the market.
Schools & Education
Families in Riverwood Estates have access to quality education through the Foothills School Division and Christ the Redeemer Catholic Schools. Local public options include C. Ian McLaren School for elementary students (K-6) and Oilfields High School for grades 7-12, which is celebrated for its innovative sustainability programs and vertical farming initiatives. French immersion, Catholic, and private school options are also accessible in nearby Okotoks or via regional commuting.
Transit & Access
As a rural foothills community, Riverwood Estates is largely car-dependent. Commuters rely on Highway 22 for north-south travel towards Calgary or Crowsnest Pass, and Highway 7 for quick access east to Okotoks. For those needing local public transportation, the town operates the Sheep River Shuttle, an accessible, on-demand community shuttle that runs two days a week and provides regional connections to shopping and services in Okotoks.
Shopping & Dining
Residents of Riverwood Estates are a short walk or drive away from the charming commercial core of Diamond Valley. The town features a vibrant selection of unique local shops, grocery stores, cozy cafes, and classic pubs. The area is well-known for its small-town hospitality, and residents can easily access the celebrated Eau Claire Distillery and renowned local eateries in the neighboring Turner Valley district.
Parks & Recreation
Outdoor recreation is a cornerstone of life in Riverwood Estates. The neighbourhood features beautiful local walking paths and immediate access to the Sheep River, perfect for morning strolls and nature watching. Residents also enjoy close proximity to local golf courses, community spray parks, and the sprawling wilderness of Sheep River Provincial Park and Kananaskis Country, offering endless hiking, fishing, and equestrian opportunities.
Lifestyle & Community
Living in Riverwood Estates provides a tranquil, premium lifestyle tailored for those who want to escape the hustle of the big city without sacrificing modern amenities. It attracts a mix of professionals, families, and retirees looking for a strong sense of community, eco-conscious local initiatives, and immediate access to Alberta's natural beauty. With an average sold price of $746,530, the neighbourhood reflects an upscale yet laid-back rural living experience.
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2 active MLS® listings · $679,800 median. See what's on the market today.
Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on July 14, 2026 at 6:00 am (America/Edmonton)
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