Cheney.

Cheney's median asking price is $449,900 in August 2026, down 3.2% from last month — the month's defining move. With 181 active listings, 55 new in the last 30 days, and 23% of inventory under contract, the market is steady but leaning slightly toward buyers.

The median asking price in Cheney this month is $449,900, a 3.2% cool from July. The middle of the market — the 25th to 75th percentile — runs from $379,000 to $584,990, and the median price per square foot sits at $236, off 0.8% month over month. Inventory is essentially flat, with 181 active residential listings, down just 0.5% from last month. Fifty-five homes came on in the last 30 days, and 23% of what's available is already under contract. Taken together, the numbers describe a market that is still moving, just with a little less urgency in pricing than a month ago.

The buyer's read.

If you're buying in Cheney right now, the 3.2% dip in the median asking price and the softer $236 per square foot suggest a touch more room to negotiate than last month. With 181 homes on the market and 55 fresh listings in the past 30 days, there is real selection across the $379,000 to $584,990 core price band — though 23% of inventory under contract is a reminder that well-priced homes are still finding buyers.

The seller's read.

If you're selling, the numbers ask for careful pricing rather than a discount. The median asking price cooled 3.2% to $449,900 and price per square foot edged down 0.8%, so listings priced against last month's comps may sit. That said, nearly a quarter of Cheney's inventory is under contract, which means buyers are active — homes that meet the market where it is now are the ones going pending.

Where it's pointed.

Momentum right now points to modest softening in asking prices alongside steady buyer activity. Inventory is holding roughly level, and 23% of listings under contract suggests demand hasn't stepped away. Whether the recent price cooling continues is not something these numbers can predict; they only describe where the market stands today.

Figures computed 2026-08-01 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.

Shane and the team will pull the parcel-level comps behind these medians.