Cheney home values have held relatively steady compared to last year, dipping just 0.4% while Spokane County values are down 3.76%. Buyers have more to look at than a year ago, with inventory up 4.0% annually and new listings rising 8.33%. Pending sales have surged 166.67% year over year, showing demand has picked up sharply.
In March 2026, the typical Cheney home value reached about $375,975, with a median list price of $435,000 and an average sale-to-list ratio just above 1.00. Homes spent a median of 26 days on the market, and with 26 active listings, 13 new listings, and 24 pending sales, conditions leaned toward a seller’s market. Price adjustments are still part of the picture, with roughly 34.6% of listings seeing a price drop, while about half of homes sold above asking.
Looking ahead to April 2026, the typical home value is projected to rise to around $388,987, with the median list price expected near $441,475. Inventory is projected to tighten to about 18 homes, compared to Spokane County’s much larger pool of 1,456 listings, reinforcing Cheney’s seller’s market reading of 11 on the local gauge. With months of supply at 3.3 and demand outpacing new listings, both buyers navigating limited options and sellers weighing their pricing strategies can benefit from Agent Pronto’s help connecting with a trusted local agent.
