Is Cheney a buyer's or seller's market right now?

Cheney is currently a balanced market with 3.5 months of supply. 18.2% of homes sell above asking price, and 45.5% go pending within two weeks. The Ridley Sell Score for Cheney is 59/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Cheney?

The median home price in Cheney is $349,950, up 4.5% year-over-year. The median price per square foot is $222. Homes sell in a median of 57 days with a sale-to-list ratio of 100.1%.

How much does it cost to sell a home in Cheney, Washington?

On a $349,950 home in Cheney, a traditional listing agent charges around $10,499 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $27,996 or more. With Ridley Essentials ($999) you save $9,500, and with Ridley Pro ($3,499) you save $7,000 while getting full agent support.

How does Ridley's flat fee compare to a traditional Cheney agent?

A traditional Cheney listing agent typically charges 3% of the sale price — about $10,499 on a $349,950 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $9,500–$7,000 compared to a traditional agent.

How long does it take to sell a home in Cheney?

The median home in Cheney currently spends 57 days on the market before going under contract, down 6% from last year. 45.5% of homes go pending within two weeks. At a 100.1% sale-to-list ratio, sellers are getting very close to or above asking price. Only 23.7% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Washington?

No. Washington does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $349,950 home, that could save you up to $7,000.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Washington. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $10,499 commission.

National/Washington

Cheney, WA

Is Now a Good Time to Sell in Cheney, Washington?

The median home in Cheney sells for $349,950 with prices up 4.5% year-over-year. The average seller pays $10,499 in commissions — Ridley’s flat fee saves you $7,000.

Cheney Real Estate Market Conditions — April 2026

59out of 100

Ridley Sell Score

How it's scored →

Moderate

59/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Cheney market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

3.5 months of supply — near the balanced threshold of 5 months. Washington average is 2.7.

Price MomentumNeutral

Prices up 4.5% year-over-year — vs. +7% statewide.

Seller LeverageFavors sellers

Homes selling at 100.1% of asking — sellers are getting 0.1% above list on average. Washington average is 98%.

Bidding ActivityNeutral

18.2% of homes selling above list price — 28% below the Washington average of 25.4%.

Sale SpeedNeutral

57 median days on market — 11 days faster than the Washington average.

Market UrgencyFavors sellers

45.5% of listings go pending within 2 weeks — vs. 30.5% statewide.

Price StabilityFavors buyers

23.7% of listings have dropped their price. Washington average is 19.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$349,950

+4.5%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-6%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$222

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

100.1%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

3.5

Balanced

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Very Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

18.2%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

23.7%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

45.5%

Moderate pace

12-Month Price Trend

$410,000 → $349,950

▼14.6%

$440K$420K$400K$380K$360K

MayJulSepNovJanMarApr

Data updated April 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Cheney — delivered monthly.

Your savings

How much can you save selling your home in Cheney?

The average Cheney homeowner saves $7,000 by selling with Ridley instead of paying the traditional 3% listing commission on a $349,950 home.

$0Estimated savings

That's 6 months of groceries — save 2.0% of your home value

Your Cheney home value

$349,950

$50,000$10M

Traditional Agent (3%)

$10,499

Ridley Pro (flat fee)

$3,499

Ready to sell in Cheney?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Cheney?

The total cost to sell a house in Cheney in 2026 ranges from $999 with Ridley Essentials to approximately $10,499 with a traditional 3% commission on a $349,950 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$10,499	$3,499	$999	$0
Buyer agent	$9,7992.8% avg	$6,999~2% avg	$6,999~2% avg	$9,7992.8% avg
Closing costs (~1.5%)	$5,249	$5,249	$5,249	$5,249
Total cost	$25,547	$15,747	$13,247	$15,048
Net proceeds	$324,403	$334,203	$336,703	$334,902
You save	—	$9,800	$12,300	$10,499No support