Cheney.

Cheney's median asking price is $465,000 in July 2026, down 1.1% from last month. With 182 active listings, 61 new in the last 30 days, and 20% of inventory under contract, the market is steady and well supplied — a month defined by choice more than urgency.

The median asking price in Cheney this month is $465,000, a modest cool of 1.1% from June. The middle of the market runs from $399,000 to $591,126, and the median price per square foot sits at $238 — that figure actually edged up 2.1% month over month, so the small dip in median price reflects the mix of homes on the market as much as anything else. Inventory tells a story of steady supply. There are 182 active residential listings, up 2.2% from last month, with 61 of them newly listed in the past 30 days. About 20% of inventory is under contract, which suggests homes are moving, but buyers are not being rushed.

The buyer's read.

If you are buying in Cheney right now, the numbers work in your favor on selection. With 182 homes on the market and a third of them listed within the last 30 days, there is fresh inventory to consider, and the 20% pending share means you can likely take a measured approach rather than racing to offer. The median price edged down 1.1%, though price per square foot rose 2.1% — so compare homes carefully on what you get for the dollar, not just the list price. The middle band of $399,000 to $591,126 gives a realistic sense of where most of the market sits.

The seller's read.

If you are selling, the market is active but not frantic. One in five listings is under contract, and 61 new listings arrived in the past month, so your home will have company. The median asking price cooled slightly to $465,000, while the $238 median price per square foot edged up 2.1% — pricing accurately against comparable homes matters more this month than reaching for the top of the $399,000–$591,126 band. Well-prepared, well-priced homes are the ones finding buyers in this environment.

Where it's pointed.

Right now, Cheney's momentum reads as steady: inventory edged up 2.2%, the median price cooled slightly, and price per square foot ticked higher. Whether that balance holds is not something these numbers can tell us. For now, conditions favor patience on both sides of the transaction.

Figures computed 2026-07-01 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.

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