Photo: Joe Mabel (on Flickr as Joe Mabel from Seattle, US) · CC BY-SA 3.099 homes sold in Cheney in the last year, at a typical $384K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cheney homes are listed.
Every place Cheney homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cheney.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 94% of Cheney’s sales, at a typical $383K
99 homes sold in the year to May 2026.
typical sale · 93 sold in 12 months
- Per square foot
- $218WA $348
- Days to sell
- 38
- Sold over asking
- 34%
- Listings with a price cut
- 27%
Multi-family (2–4 units): 5 sold, typical $486K
Condos: 1 sold, typical $205K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
99 sales in the last year, against 153 in 2021 and a low of 83 in 2025. The typical sale went from $187K in 2016 to $384K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Cheney
Check a listing against what Cheney homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cheney are back to pre-pandemic levels, and more homes are for sale
We read every month of Cheney’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 99 sales.
If you’re buying in Cheney
- Shop in August. It brings about 15 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 25% of listings have cut their price, against 18% before the pandemic.
- Bid near asking. Buyers paid 99.9% of the list price on average; 34% paid over.
- You’ll usually have time. Only 24% of homes go under contract within two weeks; the typical one takes 40 days.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 15 a month), but July is the most competitive: 42% of July sales close over asking. February has the least competition (20%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Washington
| Cheney now | 2017–19 | 2021 peak | WA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 34% | 32% | 53% | 27% |
| Gone within two weeksShare of homes under contract within 14 days | 24% | 20% | 69% | 39% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 18% | 28% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 99.9% | 99.4% | 102.1% | 99.2% |
| Days to sellMedian days from listing to contract | 40 | 75 | 8 | 33 |
35 homes for sale on a typical day
That’s 4.1 times the 2020 low (9), 17% more than in 2017–19 and well under 2016’s 52.
1 in 4 listings has cut its price
25% in the last year, against 18% in 2017–19 and 30% across Washington. More sellers are pricing high and coming down.
Cheney ranks 47th of 189 busy Washington markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Cheney is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cheney home costs about $2,266 a month
Price: Cheney’s typical sale, last 12 months. Property tax at Cheney’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cheney is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. January has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $384K home, about $3,160 a year.
Taxes vs. neighborsSchools
The schools grade for Cheney, from test results, graduation and how much students grow.
Schools in CheneyCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Spokane and Country Homes sell for less a square foot
The busier markets within 25 miles of Cheney, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Spokane | 2,910 | $372K | $203 | 31% | 29 |
| Spokane Valley | 1,030 | $422K | $211 | 30% | 33 |
| Cheney | 99 | $384K | $213 | 34% | 40 |
| Airway Heights | 97 | $379K | $257 | 34% | 46 |
| Country Homes | 54 | $452K | $192 | 24% | 52 |
| Medical Lake | 42 | $406K | $230 | 31% | 16 |
| Millwood | 24 | $404K | $212 | 21% | 36 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cheney, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cheney. People who follow the town see it, and so do people comparing Cheney with their own town. No commission, no listing fee.
Questions about buying a home in Cheney
What do homes sell for in Cheney, WA?
99 homes sold in the year to May 2026 at a typical $384K, $213 a square foot.
Is Cheney a buyer’s or seller’s market?
A seller’s market: 23 homes were for sale in May 2026 and 18 sold, about 1.3 months of supply. Buyers paid 99.9% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Cheney?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cheney?
About 0.8% of a home’s value a year. On a $384K home that’s near $3,160.
Where can I see homes for sale in Cheney?
Zillow, Redfin, Realtor.com and Homes.com all carry Cheney’s MLS listings; the search links above open each one filtered to Cheney.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).