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Let us consider a diffusion process on a state space \\(E\\subseteq I^ {S}\\) defined by the stochastic differential equation  \\[  dX_ {t}(i) = \\mathcal AX_ {t}(i) \\,dt + \\sqrt {2g _ {i,t}(X_ {t}(i))} \\,dW_ {t}(i), \\;i\\in S, \\quad X_ 0 = x_ 0\\in E, \\tag{1}  \\]  where either \\(\\mathcal A\\) or \\(\\mathcal A^ {\\text{T}}\\) is a \\(q\\)-matrix of a rate 1 Markov chain on \\(S\\) and for each \\(i\\in S\\), \\(t\\geq 0\\) the function \\(g_ {i,t}: \\mathbb R\\to \\mathbb R_ {+}\\) is locally Lipschitz continuous, \\(g_ {i,t}=0\\) on the boundary of \\(I\\) and \\(g_ {i,t} (x)\\leq C_ {t}(i)(1+x^ 2)\\) for a constant \\(C_ {t}(i)<\\infty \\). Suppose moreover that the functions \\(t\\mapsto g_ {i,t}(x)\\) belong to the Skorokhod space \\(D(\\mathbb R_ {+},\\mathbb R)\\) and are continuous except at isolated points, for all \\(i\\in S\\) and \\(x\\in \\mathbb R\\). Set \\(E =\\{x\\in I^ {S},\\, \\langle \\gamma ,x\\rangle <\\infty \\}\\), where \\(\\gamma \\) is a strictly positive measure on \\(S\\) satisfying \\(\\gamma \\mathcal A\\leq M\\gamma \\) for some finite constant \\(M\\). Under the above hypotheses it is proven that there exists a unique \\(E\\)-valued strong solution to (1), and this solution is a Markov process. Moreover, a comparison theorem is established. These general results are then used to study long-time behaviour of interacting diffusions in a random medium: Assume that the diffusion coefficients \\(g_ {i,t}\\) are of the form \\(H_ {t}(i)g(x)\\), \\(g\\) being a locally Lipschitz function of a quadratic growth, vanishing on the boundary of \\(I\\), and \\(H\\) an \\(S\\)-valued stochastic process which evolves autonomously. Several theorems on weak convergence of the pair \\((H_ {t},X_ {t})\\) as \\(t\\to \\infty \\) are proven for various choices of the process \\(H\\) (e.g.\\ a voter process or a branching random 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