Cheney.

Cheney's median asking price is $446,500 in October 2026, edging up 1.6% from last month while inventory cooled 13.0% to 140 active listings. With 19% of inventory under contract and median price per square foot down 5.3% to $230, the market is tightening on supply without heating on value.

The median asking price in Cheney this month is $446,500, up 1.6% from September. The middle of the market runs from $358,000 to $574,995, and the median price per square foot sits at $230, down 5.3% month-over-month — a pairing that suggests the listing mix shifted rather than values moving sharply in one direction. Supply is the quieter story. Active listings fell 13.0% to 140 homes, with 37 of those newly listed in the past 30 days. About 19% of inventory is under contract, a steady level of buyer activity against a smaller pool of homes.

The buyer's read.

If you're buying in Cheney right now, you're working with 140 active listings — fewer than last month — but 37 fresh arrivals in the past 30 days mean new options are still coming. With 19% of inventory pending, competition is present but not frantic. The dip in median price per square foot to $230, even as the headline median edged up to $446,500, is a reminder to compare homes on the specifics — size, condition, location — rather than the list price alone.

The seller's read.

If you're selling, the 13.0% drop in inventory works in your favor: fewer competing listings and a steady 19% pending share mean well-presented homes are finding buyers. The median asking price of $446,500 edged up 1.6%, but the softer $230 per square foot figure suggests pricing still needs to be grounded in your home's actual comparables, not the broader trend. Homes priced within the $358,000 to $574,995 middle band sit where most of the activity concentrates.

Where it's pointed.

Current momentum points to a market tightening on supply while prices hold roughly steady — the median edged up as inventory cooled. Whether that continues depends on how many new listings arrive in the weeks ahead, which we can't predict. For now, conditions favor neither side decisively.

Figures computed 2026-10-01 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.