Is Cheney, KS 67025 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Cheney is a seller’s market. With about 1.3 months of supply and 12% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score62/ 100

More competitive than 64% of U.S. ZIP codes, and #64 of 122 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.3Under 4 months = seller’s market
Sold above original list11.8%Share of sales, last 3 months
Median sale-to-list99.1%Sold price ÷ list price
Median days on market6Listing to accepted offer
Median price per sq ft$127▼ −18.1% vs. last year

The Cheney housing market right now

In the three months ending August 31, 2026, 12% of homes in Cheney, KS 67025 sold above their list price, the typical home went under contract in 6 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 17 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (10% then), homes sold faster (12 days then) and the median sale price fell 34% to $189,918. Overall, Cheney is more competitive than a year ago, so tougher for buyers.

Within Sedgwick County, homes here sell faster than in 95% of the county’s ZIP codes, and sell less often over asking than in 86%. On our competition score, Cheney ranks #64 of 122 KS ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Wichita 67202 (0% sold over asking) or Mount Hope 67108 (0% sold over asking), while Andale 67001 (60% sold over asking) and Wichita 67217 (39% sold over asking) are even more competitive.

Nearby markets

Andale 67001Seller’s market $178 /sq ftBentley 67016 $113 /sq ftClearwater 67026Seller’s market $129 /sq ftColwich 67030Buyer’s market $138 /sq ft Browse all markets →

Where Cheney is

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Questions about Cheney real estate

Is Cheney a buyer’s or seller’s market?

A seller’s market: there were 1.3 months of supply in Cheney, KS 67025 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Cheney?

The typical home went under contract in 6 days in the latest three months.

Do homes in Cheney sell over asking?

12% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.

What are property taxes in Cheney?

About 1.21% of a home’s value a year in Sedgwick County, or roughly $4,840 on a $400,000 home.

What is the median home price in Cheney?

The median sale price was $189,918 in the three months ending August 31, 2026, about $127 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology