Is Cheney, WA 99004 a buyer’s or seller’s market?

The Cheney housing market right now

In the three months ending August 31, 2026, 31% of homes in Cheney, WA 99004 sold above their list price, the typical home went under contract in 29 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 73 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (31% then), homes sold more slowly (22 days then) and the median sale price rose 6% to $449,805. Overall, Cheney is about as competitive as it was a year ago.

Within Spokane County, homes here sell faster than in 66% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Cheney ranks #83 of 298 WA ZIP codes with enough sales (score 65 out of 100).

Nearby, buyers who want less competition could look at Valleyford 99036 (0% sold over asking) or Mica 99023 (0% sold over asking), while Fairfield 99012 (50% sold over asking) and Airway Heights 99001 (36% sold over asking) are even more competitive.