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Featured local agent — Cheney, NE
Sarah Mitchell
Compass Real Estate · Cheney, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cheney, NE Housing Market & Real Estate
Housing market overview · Updated monthly ·
$263,964median sale price
How is the Cheney, NE housing market right now?
The median home sale price in Cheney, NE is $263,964. Homes sell in an average of 3 days. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 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, NE is currently a seller's market and homes selling in about 3 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
3
Fast-moving
Active listings
—
Sale-to-list
110.5%
Above asking
What does the Cheney housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $263,964 |
| Average days on market | 3 days |
| Sale-to-list price ratio | 110.5% |
| Median price per sq ft | $161/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cheney by property type?
How the Cheney, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $263,964 | $161/sq ft | 1 | 3 days |
Source: Redfin · Updated monthly
The Cheney housing market is currently classified as a seller's market with a median sale price of $263,964. Prices have fallen 0.0% compared to last year, with homes spending an average of 3 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Cheney
Explore homes currently listed for sale in Cheney, Nebraska across major real estate platforms.
Who lives in Cheney?
Population
174
Median income
$101,932/yr
Median age
18.3 years
Owner-occupied
100.0%
College grads
33.7%
Avg commute
22.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Cheney?
Cheney is a community of approximately 0K residents with a median age of 18.3 years.The median household income is $101,932, which reflects a relatively affluent area with strong earning potential. 33.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.7 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 cities are near Cheney, NE?
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 $263,964, down 0.0% from last year.
How long do homes stay on market in Cheney?
Homes typically spend 3 days on market before going under contract.
What is the median income in Cheney?
The median household income is $101,932 per year.
How much does a single-family home cost in Cheney?
The median single-family home price in Cheney, NE is $263,964 (about $161 per square foot).
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