Real Estate Market Update for Cheney, WA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 14% from one year earlier, and down 27% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 7%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold decreased 7% year-over-year, and increased 44% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript

Map Information for Cheney, WA

Area Information for Cheney, WA
  • Population: 11,918
  • Median Age: 21.84 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 2
  • Sales Tax: 0%
  • Population Density: 2,742/sq mi
  • Population Change Since 2000: 27.6%
  • Closest Airport: Spokane International
  • Closest College: Eastern Washington University
  • Closest Jr. College: Spokane Falls Community College
  • Median Household Income: $45,385
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $338,998
  • Closest Major Sports Team: Spokane Indians (a)
  • Change Avg. Household Income Since 2000: 83.92%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cheney, WA
Median Age: 21.84 Married: 26% Number of Households: 4,502 Households with Children: 898
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Cheney, WA

      School Name Distance Type Grades School Rating
      Salnave Elementary School 3.3 mi Public K-5 3
      Betz Elementary School 4.5 mi Public K-5 4
      Cheney High School 4.7 mi Public 9-12 3
      Three Springs High School 4.7 mi Public 9-12 1
      Cheney Middle School 5.2 mi Public 6-8 3
      Homeworks 7.6 mi Public K-10 2
      Phil Snowdon Elementary 11.6 mi Public PRESCHOOL-5 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Cheney, WA
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.