THE INDEXKC- LEAVENWORTH BASEHOR AND TONGONOXIE METRO MARKET UPDATE
Tonganoxie homes sell very quickly, averaging 6 days on market, and they do so at $100,000 to $270,000 greater than its neighbors Leavenworth and Basehor.
The communities of Leavenworth and Basehor set next door to each other but share little when it comes to INDEXKC real estate data. Basehor drives much higher average sales dollars, and correspondingly far greater days on maket, (85) compared to Leavenworth days on market (17).
Educated Buyers and informed sellers look closely at the standardized test scores in the schools districts of both of those markets and use the information to invest wisely.
Wiki tells us….
Tonganoxie was platted in 1866. It was named for a local Native American Chief from the Delaware Tribe whose name means “shorty” in the Delaware language. Tonganoxie was incorporated as a city in the late 1870s.
Basehor has its benginnings as an exchange for extensive Delaware holdings in the state of Indiana, on September 24, 1829, the United States Government ceded a large tract of land to the Delaware Indians. Basehor is built on a small part of this tract. The Delawares held this land, or at least parts of it, until the 1860s. On July 4, 1866, the Secretary of the Interior of the United States was offered for sale what was left of the Delaware lands, then referred to as the Delaware Diminished Reserve, for not less than $2.50 per acre. The Leavenworth, Pawnee, and Western Railroad Company subsequently bought all of the remaining land on January 7, 1886.
Leavenworth is the county seat and largest city of Leavenworth County, Kansas, United States and is part of the Kansas City metropolitan area. As of the 2020 census, the population of the city was 37,351. It is located on the west bank of the Missouri River. The site of Fort Leavenworth, built in 1827, the city became known in American history for its role as a key supply base in the settlement of the American West. During the American Civil War, many volunteers joined the Union Army from Leavenworth. The city has been notable as the location of several prisons, particularly the United States Disciplinary Barracks and United States Penitentiary, Leavenworth.
Check out the number of price reductions and the watch the days on market continue to extend as the market shifts….The shift is driven by several factors; rising mortgage interest rates, falling numbers of new build permits, buyer pool exhaustion/contraction….and the wild card, inflation.
If you’ve got questions regarding the impact of the shift on your search or the value of your home, we’ve got answers!