Fair market value
Jeep Cherokee prices
Current fair market values by model year, with depreciation and cost-to-own estimates.
Newest model year fair price
$24,642
Mileage-adjusted from live market listings
Avg. depreciation / yr
11.9%
5-yr cost to own
$11,556
Pricing by model year
| Model year | Fair price | MSRP | |
|---|---|---|---|
| 2023 | $24,642 | $37,695 | View 2023 pricing → |
| 2022 | $23,124 | $34,895 | View 2022 pricing → |
| 2021 | $20,057 | $29,390 | View 2021 pricing → |
| 2020 | $17,748 | $25,740 | View 2020 pricing → |
| 2019 | $16,153 | $24,545 | View 2019 pricing → |
| 2018 | $13,442 | $24,395 | View 2018 pricing → |
| 2017 | $11,990 | $24,590 | View 2017 pricing → |
| 2016 | $10,582 | $23,395 | View 2016 pricing → |
Market demand
The Jeep Cherokee has about 64 days of national market supply — a buyer-leaning market with more room to negotiate. See each model year for the negotiating-leverage read.
Depreciation
The Jeep Cherokee depreciates about 11.9% per year. See the full depreciation curve →
Cost to own (5 years)
Estimated 5-year depreciation of about $11,556 (insurance, maintenance, and repairs excluded). See the breakdown →
Keep researching
Know if you’re getting a fair price
Compare the price you’re offered with today’s market data before you buy. Free and on your terms.
Prices are computed from live market listings, adjusted for mileage · updated 8/6/2026. Estimates only; your price depends on condition, options, and location.