Fair market value
Jeep Cherokee prices by model year
Start with the 2023 market price, then compare earlier model years.
2023 fair price
$24,368
Mileage-adjusted from live market listings
Avg. depreciation / yr
11.9%
5-yr cost to own
$11,516
Pricing by model year
| Model year | Fair price | MSRP | |
|---|---|---|---|
| 2023 | $24,368 | $37,695 | View 2023 pricing → |
| 2022 | $23,095 | $34,895 | View 2022 pricing → |
| 2021 | $19,972 | $29,390 | View 2021 pricing → |
| 2020 | $17,314 | $25,740 | View 2020 pricing → |
| 2019 | $14,750 | $24,545 | View 2019 pricing → |
| 2018 | $12,918 | $24,395 | View 2018 pricing → |
| 2017 | $11,355 | $24,590 | View 2017 pricing → |
| 2016 | $9,855 | $25,395 | View 2016 pricing → |
Market demand
The Jeep Cherokee has about 60 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 $11,516 (insurance, maintenance, and repairs excluded). See the breakdown →
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Prices are computed from live market listings, adjusted for mileage · updated 9/17/2026. Estimates only; your price depends on condition, options, and location.