Cheney.
The median asking price in Cheney is $470,000 this June, with 178 active listings and 60 fresh arrivals in the past 30 days — a market defined by steady new supply and 18% of inventory under contract.
The median asking price in Cheney, WA this month is $470,000, with the middle of the market running from $399,850 to $599,450. The median price per square foot sits at $233. There are 178 active residential listings, including condos and townhouses, and 60 of those arrived within the last 30 days — meaning roughly a third of what's on the market is new. With 18% of inventory under contract, homes are moving, but buyers still have room to look around before committing.
The buyer's read.
If you're buying in Cheney right now, the numbers favor a measured search. With 178 homes available and 60 new listings in the past month, fresh options keep arriving, so missing one house rarely means missing the market. The pending share of 18% suggests well-priced homes do find buyers, so when something fits within that $399,850 to $599,450 middle band, it's worth acting with intention — but you're unlikely to face the kind of scarcity that forces a rushed decision.
The seller's read.
For sellers, the picture asks for careful pricing rather than ambition. With 60 new listings in the last 30 days adding to 178 active homes, your property has plenty of company, and only 18% of inventory is currently under contract. The median asking price of $470,000 and the $233 per square foot figure give you a clear benchmark; homes positioned honestly within the $399,850 to $599,450 middle band stand the best chance of standing out against the steady flow of competition.
Where it's pointed.
Cheney enters summer with inventory being replenished at a healthy clip and a modest share of homes under contract, suggesting balanced rather than frenzied conditions. Whether that balance holds will depend on how absorption keeps pace with new listings in the months ahead. As always, current momentum is a snapshot, not a forecast.
Figures computed 2026-06-01 from live Spokane REALTORS® and Coeur d'Alene MLS feeds — asking prices of active inventory, not closed sales. AI-assisted narrative; all numbers deterministic.
Buying or selling in Cheney? Let's talk numbers.
Jeff will pull the parcel-level comps behind these medians.