Comprehensive market data and analysis• Updated Dec 2025
24.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | 1 | 3 |
| 5-10 acres | - | - | 3 | 8 |
| 10-20 acres | 1 | 5 | 9 | 12 |
| 20-50 acres | - | - | - | 5 |
| 50-100 acres | - | 1 | 1 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 6 | 16 | 33 |
Acreage buckets
The median price for land in Cheney, Washington is currently $15K per acre. For a typical parcel, the median sale price is $160K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $86K while premium lots reached $300K.
Cheney, Washington is currently a strong buyer's market with 24.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 6.3% year-over-year.
Cheney, Washington currently has 24.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Cheney, Washington averages $130K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 10.0 acres.
The median land price in Cheney, Washington stands at $160K. This translates to roughly $15K per acre for the typical parcel size. The average price is $208K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Cheney, Washington is 4.1%. The 12-month rate is 5.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Cheney, Washington is 4.1% (3-month basis), indicating slow demand. With appreciating values (+6.3% YoY), the market shows growth potential. The top-performing broker in this market is Touchstone Real Estate Group.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
