New - 14 hours on RocketVideo tour
$8,918 Closing Credit¹
#202512182, Heather Schulz, Listing Office: Kelly Right Real Estate of Spokane
Cheney-Medical Lake Housing Market Report January 2025•Spokane County, Washington
Housing Prices in Cheney-Medical Lake, WA
How much do homes in Cheney-Medical Lake, WA cost?
Housing Market Conditions
Is Cheney-Medical Lake, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cheney-Medical Lake is a Buyer's Market
Difference Since January 2024
At the same time last year, Cheney-Medical Lake was a Neutral Market.
Insight
Cheney-Medical Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$405,000$228/SqFt
+$5,050
+1.3%
Based on all homes sold in the last 12 months
Insight
Homes in Cheney-Medical Lake have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Cheney-Medical Lake was $405,000 in January 2025, up 1.3% from last year, and the median price per square foot was $228.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Medical Lake | $416K | $433K | +4.1% |
| Cheney-Medical Lake | $399.9K | $405K | +1.3% |
| Cheney | $423.5K | $420K | -0.8% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $328.7K | $237.5K | -27.7% |
| 22 Bedrooms | $257.5K | $316K | +22.7% |
| 33 Bedrooms | $376K | $380.9K | +1.3% |
| 44 Bedrooms | $422.7K | $440K | +4.1% |
| 55+ Bedrooms | $470K | $457.4K | -2.7% |
Summary: Cheney-Medical Lake housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -27.7%. The home price for 2 bedroom homes increased by +22.7%. The home price for 3 bedroom homes increased by +1.3%. The home price for 4 bedroom homes increased by +4.1%. The home price for 5 bedroom homes decreased by -2.7%.
Housing supply in Cheney-Medical Lake, WA
How many homes are available in Cheney-Medical Lake, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 65Last MonthJan 2025 | ||
| 742 months agoDec 2024 | -12.2 % Change MoMDec – Jan |
Summary: The Cheney-Medical Lake real estate market had 65 homes for sale in Jan 2025, a 12.2 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthJan 2025 | ||
| 212 months agoDec 2024 | -57.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 7 | 7 | 0.0% |
| 33 Bedrooms | 29 | 22 | -24.1% |
| 44 Bedrooms | 26 | 24 | -7.7% |
| 55+ Bedrooms | 12 | 12 | 0.0% |
Summary: Cheney-Medical Lake housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -24.1%. The inventory for 4 bedroom homes decreased by -7.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Cheney-Medical Lake, WA cost?
Over Asking Price0 Home
At Asking Price5 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in Cheney-Medical Lake, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Cheney-Medical Lake in January 2025, down by 57.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and and 0% were sold over asking.
Days on Market for Cheney-Medical Lake, WA
How long does it take to sell a home in Cheney-Medical Lake, WA?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days3 Homes
Over 90 Days1 Home
Insight
Many homes in Cheney-Medical Lake are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 9 homes were sold in Cheney-Medical Lake; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 54 DaysThis YearJan 2025 | ||
| 24 Days1 year agoJan 2024 | +126.9 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Cheney-Medical Lake had an average listing age of 54 days in Jan 2025, up by 126.9% compared to the previous year.
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Newest Listings in Cheney-Medical Lake, WA
What homes are available in Cheney-Medical Lake, WA?
New - 1 day on Rocket
#202512134, Brandon Marchand, Listing Office: Keller Williams Spokane - Main
New - 3 days on Rocket
#25-1441, Listing Office: North Country Realty
New - 4 days on Rocket
#202512038, Adam Salas, Listing Office: REAL Broker LLC
New - 6 days on Rocket
$4,631 Closing Credit¹
#202512021, Jeff Sorensen, Listing Office: Coldwell Banker Tomlinson
New - 7 days on Rocket
$3,977 Closing Credit¹
#202511946, Bev Heidecker, Listing Office: Cheney Realty, Inc.
New - 7 days on Rocket
$5,332 Closing Credit¹
#202511945, Bev Heidecker, Listing Office: Cheney Realty, Inc.
$6,234 Closing Credit¹
#202511896, Kylene Emery, Listing Office: American R.E. Associates, Inc
#202511869, LaVerne Day, Listing Office: North Country Realty
$7,113 Closing Credit¹
#202511821, Dixie Simon, Listing Office: REAL Broker LLC
$4,857 Closing Credit¹
#202511720, Ryan Fowler, Listing Office: eXp Realty, LLC
$5,106 Closing Credit¹
#202511541, Jared Urbick, Listing Office: Kelly Right Real Estate of Spokane
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MLS Disclaimers and Copyright
Based on information from Spokane Association of REALTORS® MLS, Coeur d'Alene MLS, and Northwest Multiple Listing Service for the period 02/01/2023 - 02/01/2025
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 12:10:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. Copyright © 2025 Coeur d’Alene Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved. DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 12:17:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.