Mazda MX-5 Miata (NA) Market Analysis — September 2026
Executive Summary
The Mazda MX-5 Miata (NA) market is currently appreciating, with a year-over-year price increase of 6.6%. The average asking price for active listings suggests a robust demand, indicating that buyers are willing to pay a premium for well-maintained models. An actionable insight is to focus on models from the early 1990s, which have shown significant sales volume and price stability.
Market Snapshot
- Current inventory: 133 active listings
- Median asking price: $11,900 (historical median: $11,250)
- Price trend: Appreciating (6.6% YoY)
- Market velocity: 65 days average time on market
PRICE TRENDS & APPRECIATION
The quarterly trends indicate a generally appreciating market, particularly notable in 2026-Q2 and 2026-Q3, where sales counts were 70 and 51, respectively, with median prices of $12,121 and $12,100. In contrast, 2025-Q4 saw a dip in median price to $8,800, suggesting fluctuations in demand. Overall, the average price has remained stable around $12,000 in recent quarters, reinforcing the appreciation trend.
Auction Market Dynamics
The sell-through rate stands at 93.8%, indicating a healthy auction market. The median price for sold vehicles is $11,000, while the median high bid is $11,225, suggesting a minimal reserve gap. This indicates that sellers are generally realistic in their pricing expectations. The high number of sold vehicles (660) compared to unsold (1) further supports the notion of a strong market.
Configuration Value Guide
The body style breakdown reveals that Roadsters command a higher average price of $15,968 compared to Convertibles at $6,655. The most common years for sales are 1990 and 1991, with average prices of $14,976 and $11,072, respectively. This suggests that early models, particularly Roadsters, are highly valued in the market.
Mileage Impact
Mileage significantly impacts pricing. Vehicles with under 50,000 miles average $20,009, while those with over 100,000 miles average only $8,482. This indicates that buyers are willing to pay a premium of approximately $11,527 for low-mileage models, highlighting the importance of mileage in valuation.
Regional Pricing
Geographic distribution shows that the West has the highest average price at $29,223, while the South averages $12,089. This suggests potential arbitrage opportunities for buyers in the South, where prices are significantly lower compared to the West.
Market Health Indicators
The average days on market is 65, with 17 new listings this week and 24 listings experiencing price reductions. This indicates a balanced supply and demand scenario, although the presence of price reductions may suggest some softness in demand for certain listings.
Investment Outlook
Given the appreciating trend and consistent sales performance, the Mazda MX-5 Miata (NA) appears to be a solid investment. The current trajectory suggests that this asset class will continue to appreciate, making it a favorable hold for collectors and enthusiasts.
Buying Recommendations
Buyers should focus on well-maintained models from the early 1990s, particularly Roadsters, which command higher prices. Target price ranges should be between $10,000 and $15,000 for good condition vehicles. Given the auction data, buyers should be prepared to bid realistically, considering the median sold price of $11,000 and the high bid of $11,225. Avoid listings with excessive mileage unless priced significantly below market averages.
This analysis is generated from CarSearch.Pro's market database (772 historical sales, 133 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.