Cheney .

Computed from the live MLS feeds · Location NW Group

Photo: Joe Mabel (on Flickr as Joe Mabel from Seattle, US) · CC BY-SA 3.0

• Median asking price$439,500 -2.3% MoM
• Median $/sq ft$243 +3.0% MoM
• Active listings161 -11.0% MoM
• Under contract25%

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.

If you're buying

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.

If you're selling

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.

The read from here

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.

Editorial disclaimer

This report is general market context, not financial, legal, or tax advice, and not a price prediction. Median asking prices reflect active inventory on the computation date and change continuously. Verify specifics with SAR, CDAR, and your own advisors before relying on any figure for a transaction.

Buying or selling in Cheney? Let's talk numbers.

Jeff will pull the parcel-level comps behind these medians.

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