Welcome to today’s real estate tour of Cheney, a small town located about 17 miles southwest of Spokane, Washington. With a population of around 13,000 people and an additional 10,000 students at Eastern Washington University, Cheney is a college town with a rich history. In fact, back in the 1800s, the town of Cheney was in a dispute with Spokane over the county seat and even won in a disputed election, although Spokane eventually became the county seat.
In this tour, we’ll take a look at the housing options available in Cheney and at the end, we’ll discuss the current state of the real estate market. My name is Brian Johnson and I’m a real estate broker with Windermere in Spokane. If you have any questions about real estate in Spokane or Cheney, feel free to reach out to me at the number provided.
As we take a look at Cheney on Google Maps, you can see that it’s located just south of Spokane and is home to Eastern Washington University. Housing options in Cheney are limited and are primarily found in the old town area and south of the university. One thing to do in Cheney is visit Fish Lake Regional Park, which offers a variety of amenities such as hiking trails, a basketball court, a barbecue area, and a swimming beach.
As we tour the town, you’ll notice a mixture of new construction and older homes. The houses on the south side of the university tend to be newer, while those on the north side are older. There are also some newer developments on the north side of town. Prices for homes in Cheney range from around $200,000 for older houses to over $500,000 for newer construction.
Now let’s take a look at the current state of the real estate market in Cheney. As of 2022, the median home price in Cheney is $280,000, which is up 5% from the previous year. The market is considered to be a seller’s market, with homes selling quickly and often above the asking price. The average days on market for a home in Cheney is just 21 days.
In conclusion, Cheney is a small, college town located just outside of Spokane with a limited selection of housing options. The real estate market in Cheney is currently strong, with a median home price of $280,000 and homes selling quickly. If you’re considering purchasing a home in Cheney or the surrounding area, now may be a good time to do so. Thank you for joining me on this real estate tour of Cheney.