Cheney.

Cheney's median asking price is $439,500 in September 2026, down 2.3% from last month, while inventory tightened 11.0% to 161 active listings. With 25% of homes under contract and $243 per square foot (up 3.0%), the market is quieter on price but firmer underneath.

The median asking price in Cheney this month is $439,500, a 2.3% cool from August. The middle of the market runs from $370,000 to $595,211, and the median price per square foot sits at $243 — which actually edged up 3.0% month over month, a reminder that the headline median and the per-foot picture don't always move together. There are 161 active residential listings, an 11.0% drop from last month, with 44 homes newly listed in the past 30 days. A quarter of the inventory — 25% — is under contract. Taken together: fewer homes to choose from, steady buyer activity, and asking prices that softened slightly at the median even as per-square-foot pricing firmed.

The buyer's read.

If you're buying in Cheney right now, the 2.3% dip in the median asking price offers a bit of breathing room, but the 11.0% drop in inventory means fewer options — 161 homes, with 44 fresh listings in the last 30 days. With 25% of inventory already pending, well-priced homes are finding buyers. Watch the per-square-foot number: at $243 and up 3.0%, value per foot is holding, so a lower list price doesn't always mean a better deal.

The seller's read.

If you're selling, the numbers lean quietly in your favor. Inventory fell 11.0% this month, so your home faces less competition, and a 25% pending share shows buyers are actively committing. The median asking price cooled 2.3% to $439,500, which argues for pricing carefully rather than reaching — but the 3.0% rise in median price per square foot, to $243, suggests buyers are still paying up for space that shows well.

Where it's pointed.

Momentum in Cheney is mixed but stable: inventory is tightening, per-square-foot pricing edged up, and the median asking price cooled modestly. If the pending share holds near 25% while new listings stay around this month's pace, conditions could stay balanced-to-firm. That said, these are current readings, not predictions — a single month rarely defines a trend.

Figures computed 2026-09-01 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.