A 2021 Jeep Cherokee still asks 43% of what a 2026 one does — that's how much value it holds after 5 years. Among 87 suvs we price, that ranks #60, below the 47% class median. The steepest single-year drop comes at year 3 (−40.5%), after which losses ease to about 15.2% a year. Mileage costs it 47%: the same car reads 100k–150k instead of Under 40k miles. Calculated from 881 listings.
Jeep Cherokee value by year
The newest Cherokee at under half the 2026 price is the 2021, with a median asking price of $16,060 (43% of it). A 2016 and a 2015 ask almost the same, $7,995 against $7,777, so the newer year costs next to nothing extra.
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2026 | $35,191 | $44,080 | 16 | |
| 2023 | $20,746 | $23,100 | 4 | |
| 2022 | $16,500 | $24,978 | 14 | |
| 2021 | $11,500 | $22,490 | 28 | |
| 2020 | $9,549 | $19,242 | 45 | |
| 2019 | $7,950 | $16,977 | 144 | |
| 2018 | $6,450 | $14,995 | 56 | |
| 2017 | $5,900 | $14,900 | 69 | |
| 2016 | $4,500 | $10,999 | 115 | |
| 2015 | $4,500 | $11,999 | 118 | |
| 2014 | $4,500 | $10,950 | 97 | |
| 2013 | $3,800 | $6,000 | 6 | |
| 2012 | $2,500 | $6,495 | 4 | |
| 2011 | $3,900 | $7,000 | 4 | |
| 2010 | $1,500 | $3,700 | 3 | |
| 2009 | $1,500 | $5,900 | 3 | |
| 2008 | $2,000 | $3,400 | 7 | |
| 2007 | $1,000 | $5,499 | 6 | |
| 2006 | $1,900 | $4,300 | 4 | |
| 2005 | $1,900 | $4,500 | 9 | |
| 2004 | $1,800 | $3,000 | 4 | |
| 2003 | $1,850 | $1,950 | 3 | |
| 2002 | $3,950 | $4,995 | 3 | |
| 2001 | $1,500 | $10,000 | 16 | |
| 2000 | $1,700 | $14,500 | 17 | |
| 1999 | $2,200 | $10,500 | 18 | |
| 1998 | $1,500 | $10,000 | 19 | |
| 1997 | $2,000 | $8,250 | 7 | |
| 1996 | $1,200 | $8,500 | 12 | |
| 1995 | $2,300 | $4,500 | 4 | |
| 1994 | $3,200 | $9,999 | 3 | |
| 1993 | $1,800 | $17,500 | 5 | |
| 1992 | $2,000 | $4,200 | 3 | |
| 1991 | $2,400 | $5,300 | 11 | |
| 1990 | $2,500 | $6,000 | 4 |
How the Jeep Cherokee depreciates
The newest Jeep Cherokee has a median asking price of $36,962; a 36-year-older one runs about $3,000 — roughly 92% lost over 36 years (compare the typical depreciation curve by age).
Does the Jeep Cherokee hold value better than its rivals?
Over the same 5 years the Toyota 4-Runner keeps 70% and the Chevrolet Blazer 48%, against 43% for the Cherokee. The Toyota 4-Runner and Chevrolet Blazer hold value better than the Cherokee.
The Jeep Cherokee market right now
Adjust your Jeep Cherokee value for mileage
Crossing 100k miles costs a Jeep Cherokee about 47% of its under-40k asking price:
Trade-in, private-party & dealer price
For a 2026 Jeep Cherokee: a dealer trade-in offer is around $35,191, selling private-party nets about $36,962, and a lot asks near $44,080 — a $8,889 spread on the same car.
What sellers really ask, from our own listings: for the same model year, the Cherokee costs a median 5% more from a dealer than from a private seller, across the 4 recent model years with enough of both. Title, state and mileage effects are on the Jeep Cherokee price page.
| Model year | Private seller (listings) | Dealer (listings) | Dealer vs private |
|---|---|---|---|
| 2022 | $24,925 (6) | $21,995 (21) | −12% |
| 2021 | $14,950 (10) | $17,950 (49) | +20% |
| 2020 | $15,500 (19) | $14,999 (123) | −3% |
| 2019 | $11,500 (105) | $12,910 (277) | +12% |
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Jeep Cherokee value FAQ
How much is a Jeep Cherokee worth?
It depends mostly on the model year: in our listings the median asking price runs from $1,850 to $36,962 across 35 model years. A 2026 is worth about $36,962, the median of 16 listings.
How much does mileage cut a Jeep Cherokee's value?
Among Cherokees from the last eight model years, those with under 40,000 miles ask a median $20,795, and those with over 150,000 miles ask $6,500; crossing 100,000 miles alone costs about 47%.
Which Jeep Cherokee year is the best value?
The newest Cherokee at under half the 2026 price is the 2021, with a median asking price of $16,060 (43% of it). A 2016 and a 2015 ask almost the same, $7,995 against $7,777, so the newer year costs next to nothing extra.
Is a Jeep Cherokee cheaper from a dealer or a private seller?
Usually from a private seller: for the same model year, dealers ask a median 5% more, across 4 recent model years in our listings.
Does the Cherokee hold value better than the Toyota 4-Runner?
No: over 5 years the Cherokee keeps 43% of its value and the Toyota 4-Runner 70%, by the median asking prices of the 2026 and 2021 model years.
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