Cheney Real Estate - Find Your Perfect Home For Sale!

Cheney - Town vs. County Stats

Cheney - Town vs. County Stats

Avg Price in Cheney: $336,700 / County Avg $427,700

39%

Avg Taxes in Cheney: $400 / County Avg $1,300

14%

Avg Sq. Ft. in Cheney: 2,197 / County Avg 2,650

41%

Avg Price per/ft2 in Cheney: $153 / County Avg $161

95%

Avg Walkscore in Cheney: 17 / County Avg 29

29%

Avg Year Built in Cheney: 2000 / County Avg 1978

51%

Avg Days on Website in Cheney: 65 / County Avg 62

52%

Cheney Real Estate Market Health

New Listings
Reductions
Foreclosures
Short Sales
The town of Cheney, Washington was named after Boston railroad tycoon Benjamin Pierce Cheney and it is the home to Eastern Washington University (EWU). With the recent success of EWU's football program, the university has grown in popularity and in turn, the population of the town of Cheney has simultaneously grown as well. Many of the more talented football players to grace the red field in Roos Stadium, have gone on to have successful careers in the National Football League (NFL). The most recent EWU football player to make it big in the NFL was Cooper Kupp, a second-generation NFL player, who earned a starting position as a Wide Receiver with the Los Angeles Rams. With the rising popularity of the university and the subsequent population growth, the Cheney housing market has grown as well. The median home value in Cheney is currently $250,000 as of August 2019 and this represents an 11.5% increase year-over-year from August of 2018 to August of 2019. Local Cheney real estate experts are predicting a sustained, yet slightly slower growth rate of 7.2% between 2019 and 2020. The median listing price of homes in Cheney is currently $299,995 while the median price of homes that have recently sold is $245,100. There are currently no foreclosure properties listed in Cheney, however, the number of delinquent mortgages in Cheney on a percentage basis is 0.3%, which is lower than the national value of 1.1%. The number of Cheney homeowners who currently owe more on their mortgages than their home is worth in today's market is 4.7%. With that said, the number of Cheney homes for sale in 2019 has been relatively low, as most of the Cheney real estate listings sell within a few days of hitting the market. Cheney is home to several satellite offices of national brand brokerages and a handful of smaller, locally owned brokerages like Cheney Realty and Hilton Real Estate. The most reliable and top reviewed company to work with when selling or purchasing a home in Cheney is The Ohana Realty Group. The Cheney real estate agents, brokers, and Cheney Realtors of The Ohana Realty Group are well-qualified, highly trained, competent, and honest. Whether you're in the market for a home in Cheney, have a home to sell in Cheney, or simply want to know hat your Cheney home value is, you can't go wrong with The Ohana Realty Group. The Cheney Realtors of The Ohana Realty Group can be reached at their office phone number, (509) 979-5516, or via their website at OhanaRealtyGroup.com.
Areas in Cheney WA
A221-091
A420-097
A420-131
A622-137