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Featured local agent — Cheney, KS
Sarah Mitchell
Compass Real Estate · Cheney, KS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cheney, KS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$245,000median sale price
How is the Cheney, KS housing market right now?
The median home sale price in Cheney, KS is $245,000, down 6.5% year-over-year. Homes sell in an average of 17 days with 5 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cheney a buyer's or seller's market?
Cheney, KS is currently a strong seller's market, based on 0.6 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
17
Fast-moving
Active listings
5
0.6 months supply
Sale-to-list
100.3%
Above asking
What does the Cheney housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $245,000 |
| Median list price | $285,000 |
| Year-over-year price change | -6.5% |
| Average days on market | 17 days |
| Active inventory | 5 listings |
| Months of supply | 0.6 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $141/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 5 |
| Listings with a price cut | 20.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cheney by property type?
How the Cheney, KS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $245,000 | $141/sq ft | 8 | 17 days |
| Condo / Co-op | $100,000 | $65/sq ft | 1 | 6 days |
Source: Redfin · Updated monthly
The Cheney housing market is currently classified as a strong seller's market with a median sale price of $245,000. Prices have fallen 6.5% compared to last year, with homes spending an average of 17 days on market, indicating 0.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Cheney
There are currently 5 homes listed for sale in Cheney, Kansas. The median listing price is $285K.
Active listings
5
Homes on market
Median list price
$285K
Avg. days on market
17
Days until sale
New this week
5
Newly listed
Who lives in Cheney?
Population
2,386
Median income
$75,263/yr
Median age
36.6 years
Owner-occupied
77.4%
College grads
27.4%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Cheney?
Zillow home value
$280,791
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Cheney?
Cheney is a community of approximately 2K residents with a median age of 36.6 years.The median household income is $75,263, which reflects a relatively affluent area with strong earning potential. 27.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cheney offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cheney?
3 schools tracked · 810 students
The largest public schools serving Cheney, KS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cheney Elem
Grades PK-5 · 396 students
Cheney High
Grades 9-12 · 236 students
Cheney Middle School 6-8
Grades 6-8 · 178 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cheney, KS?
Want a head-to-head view? Compare Cheney side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cheney?
The median home sale price in Cheney is $245,000, down 6.5% from last year.
How long do homes stay on market in Cheney?
Homes typically spend 17 days on market before going under contract.
What is the median income in Cheney?
The median household income is $75,263 per year.
Is Cheney a buyer's or seller's market?
With 0.6 months of supply, Cheney is currently a strong seller's market.
What is the Zillow home value estimate for Cheney?
The Zillow Home Value Index (ZHVI) for Cheney is $280,791, representing the typical home value in the area.
What is the median condo price in Cheney?
The median condo/co-op sale price in Cheney, KS is $100,000, compared to $245,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cheney?
The median single-family home price in Cheney, KS is $245,000 (about $141 per square foot).
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