A 2022 Jeep Grand Cherokee still asks 45% of what a 2027 one does — that's how much value it holds after 5 years. Among 17 suvs we price, that ranks #9, right at the class median. The steepest single-year drop comes at year 2 (−26.1%), after which losses ease to about 10.8% a year. Mileage costs it 48%: the same car reads 100k–150k instead of Under 40k miles. Calculated from 1,551 listings.
Jeep Grand Cherokee value by year
The newest Grand Cherokee at under half the 2026 price is the 2021, with a median asking price of $19,999 (43% of it). A 2024 and a 2023 ask almost the same, $28,999 against $28,900, so the newer year costs next to nothing extra.
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2027 | $46,911 | $63,625 | 3 | |
| 2026 | $41,992 | $58,560 | 23 | |
| 2025 | $29,990 | $43,675 | 12 | |
| 2024 | $22,894 | $41,614 | 19 | |
| 2023 | $22,999 | $32,795 | 45 | |
| 2022 | $18,000 | $29,999 | 19 | |
| 2021 | $16,995 | $24,988 | 63 | |
| 2020 | $12,818 | $25,000 | 62 | |
| 2019 | $10,999 | $23,900 | 88 | |
| 2018 | $10,400 | $19,999 | 146 | |
| 2017 | $8,500 | $18,900 | 123 | |
| 2016 | $7,900 | $15,245 | 65 | |
| 2015 | $6,500 | $14,995 | 149 | |
| 2014 | $4,900 | $12,995 | 176 | |
| 2013 | $4,200 | $10,900 | 58 | |
| 2012 | $3,000 | $11,500 | 77 | |
| 2011 | $2,500 | $8,850 | 64 | |
| 2010 | $2,500 | $7,500 | 17 | |
| 2009 | $2,300 | $5,990 | 20 | |
| 2008 | $1,800 | $7,500 | 30 | |
| 2007 | $1,500 | $5,300 | 38 | |
| 2006 | $2,500 | $6,900 | 36 | |
| 2005 | $2,400 | $5,995 | 39 | |
| 2004 | $1,500 | $6,950 | 42 | |
| 2003 | $1,500 | $3,498 | 12 | |
| 2002 | $1,750 | $4,000 | 26 | |
| 2001 | $1,800 | $6,500 | 9 | |
| 2000 | $2,850 | $5,988 | 13 | |
| 1999 | $1,250 | $5,500 | 12 | |
| 1998 | $1,600 | $7,000 | 18 | |
| 1997 | $1,000 | $6,500 | 10 | |
| 1996 | $1,800 | $6,000 | 5 | |
| 1995 | $1,000 | $3,900 | 10 | |
| 1994 | $1,300 | $4,500 | 17 | |
| 1993 | $1,800 | $5,200 | 5 |
How the Jeep Grand Cherokee depreciates
The newest Jeep Grand Cherokee has a median asking price of $53,511; a 34-year-older one runs about $3,000 — roughly 94% lost over 34 years (compare the typical depreciation curve by age).
Does the Jeep Grand Cherokee hold value better than its rivals?
Over the same 5 years the Ford Explorer keeps 46%, the Ford Expedition 33% and the Chevrolet Traverse 35%, against 45% for the Grand Cherokee. The Grand Cherokee holds value better than the Ford Expedition and Chevrolet Traverse, but not the Ford Explorer.
The Jeep Grand Cherokee market right now
Adjust your Jeep Grand Cherokee value for mileage
Crossing 100k miles costs a Jeep Grand Cherokee about 48% of its under-40k asking price:
Trade-in, private-party & dealer price
For a 2026 Jeep Grand Cherokee: a dealer trade-in offer is around $41,992, selling private-party nets about $45,980, and a lot asks near $58,560 — a $16,568 spread on the same car.
What sellers really ask, from our own listings: for the same model year, the Grand Cherokee costs a median 4% more from a private seller than from a dealer, across the 4 recent model years with enough of both. Title, state and mileage effects are on the Jeep Grand Cherokee price page.
| Model year | Private seller (listings) | Dealer (listings) | Dealer vs private |
|---|---|---|---|
| 2023 | $29,000 (17) | $28,450 (105) | −2% |
| 2022 | $26,750 (6) | $25,683 (60) | −4% |
| 2021 | $22,000 (35) | $20,941 (120) | −5% |
| 2020 | $20,000 (35) | $18,995 (155) | −5% |
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Jeep Grand Cherokee value FAQ
How much is a Jeep Grand Cherokee worth?
It depends mostly on the model year: in our listings the median asking price runs from $2,300 to $53,511 across 35 model years. A 2026 is worth about $45,980, the median of 23 listings.
How much does mileage cut a Jeep Grand Cherokee's value?
Among Grand Cherokees from the last eight model years, those with under 40,000 miles ask a median $30,281, and those with over 150,000 miles ask $11,839; crossing 100,000 miles alone costs about 48%.
Which Jeep Grand Cherokee year is the best value?
The newest Grand Cherokee at under half the 2026 price is the 2021, with a median asking price of $19,999 (43% of it). A 2024 and a 2023 ask almost the same, $28,999 against $28,900, so the newer year costs next to nothing extra.
Is a Jeep Grand Cherokee cheaper from a dealer or a private seller?
Usually from a dealer: for the same model year, private sellers ask a median 4% more, across 4 recent model years in our listings.
Does the Grand Cherokee hold value better than the Ford Explorer?
No: over 5 years the Grand Cherokee keeps 45% of its value and the Ford Explorer 46%, by the median asking prices of the 2027 and 2022 model years.
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