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Foreclosure Homes in Cheney, WA

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Cheney, WA Foreclosures

Current Market Conditions in in Cheney, WA As of April 2026?
Over the past month, the Cheney real estate market has remained robust, with a slight increase in home prices, reflecting a continuous influx of buyers. Inventory remains low, which contributes to a seller's market, pushing home prices upward. Potential buyers are encouraged to act quickly, as homes in desirable neighborhoods are selling faster than average.
How much do homes sell for in Cheney, WA?
The average home price is currently $421,442.
In Cheney, WA, how many homes are available?
There are currently 33 active home listings available in Cheney.
What’s the average rental cost in Cheney, WA?
The average rental price in Cheney is $1,375.
What is the most expensive home in Cheney?
The most expensive home sold in Cheney had a price of $39,049,964.
What is currently the cheapest priced home in Cheney, WA?
The cheapest home for sale in Cheney is priced at $22,708.

Living in Cheney, WA

Cheney, WA, is a charming small town known for its vibrant community and proximity to Spokane. Home to Eastern Washington University, it combines educational opportunities with a quaint atmosphere. Residents enjoy access to outdoor recreation, historical landmarks, and a friendly environment.

Buyer vs Seller Market in Cheney, WA

Currently, the real estate market in Cheney is competitive, with an increasing demand for homes as families and students alike seek the area for its affordability and quality of life. Average home prices have been gradually rising, reflective of the growing interest in the Spokane metropolitan area.

The market trends indicate a strong interest in single-family homes, with more buyers entering the market. As a college town, there is also a steady demand for rental properties catering to students.

Home Value Estimator For Cheney, WA

There are currently 8,070 real estate properties in Cheney, WA, with a median automated valuation model (AVM) price of $375,230.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cheney, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cheney, WA, is $421,442.00, with the most expensive house in Cheney, WA, topping out at $39,049,964.00 and the cheapest home in Cheney, WA, clocking in at $22,708.00. In other words, there’s something for every potential homebuyer or savvy investor in Cheney, WA!

Rent Prices In Cheney, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cheney, WA, is on a rollercoaster ride. The average rent price in Cheney, WA, is $1,375.00. Indeed, when looking to rent in Cheney, WA, you can expect to pay as little as $640.00 or as much as $2,860.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Cheney, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheney, WA Foreclosures


Market Trend for Cheney, WA

Total Listings Available: 33

Market Values:

Home Prices from $22,708 to $39,049,964

Average Sales Price: $421,442

Rental Values:

Rental from $640 to $2,860

Average Rent Value: $1,375 / month

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