Mazda MX-5 Miata (ND) Market Analysis — August 2026
Executive Summary
The Mazda MX-5 Miata (ND) market is currently stable, with a year-over-year price increase of 4.3%. The median asking price is $25,995, indicating a healthy demand for this model. An actionable insight is to focus on listings from 2024, as they represent a significant portion of current inventory and have shown competitive pricing.
Market Snapshot
- Current inventory: 461 active listings
- Median asking price: $25,995 (historical median: $25,319)
- Price trend: Stable (4.3% YoY)
- Market velocity: 34 days average time on market
PRICE TRENDS & APPRECIATION
The quarterly trends indicate a stable market with slight fluctuations in prices. For instance, the median price in 2026-Q1 was $25,838, while it decreased to $22,815 in 2026-Q3, reflecting a 11.7% drop. However, the average price remained relatively stable, with 2026-Q2 showing an average of $24,953. The overall trend suggests that while there are short-term fluctuations, the long-term trajectory remains stable, with current asking prices aligning closely with recent sales.
Auction Market Dynamics
The sell-through rate stands at 82.5%, indicating a healthy market where a majority of vehicles listed are sold. The median price for sold vehicles is $26,000, compared to a median high bid of $22,000. This $4,000 gap suggests that while buyers are willing to pay a premium, sellers may have higher expectations. The ratio of sold to unsold/high_bid indicates that sellers need to adjust their expectations to align more closely with buyer willingness.
Configuration Value Guide
The body style breakdown shows that the Convertible configuration is the most common, with an average price of $22,562 and a median price of $20,998. In terms of model year premiums, the 2024 model commands the highest average price of $31,230, followed by the 2023 model at $28,524. This indicates that newer models are significantly more valued in the market.
Mileage Impact
Mileage analysis reveals that vehicles with under 50,000 miles command an average price of $26,911, while those with 50,000 to 100,000 miles average $20,356. Vehicles with over 100,000 miles average $21,801. This indicates that buyers are willing to pay a premium of approximately $6,555 for low-mileage vehicles, highlighting the importance of mileage in pricing.
Regional Pricing
Geographic distribution shows that the West region has the highest average price at $25,428, followed closely by the South at $25,283. The Northeast and Midwest show lower averages at $24,775 and $27,175, respectively. Buyers may find better deals in the Midwest, where prices are comparatively higher, suggesting potential arbitrage opportunities.
Market Health Indicators
The average days on market is 34, with a median of 20 days, indicating that listings are selling relatively quickly. However, the presence of 179 listings with price reductions suggests that some sellers may be adjusting their expectations in response to market conditions. The introduction of 82 new listings this week indicates a steady supply of vehicles.
Investment Outlook
Given the stable trend direction and the slight appreciation observed, the Mazda MX-5 Miata (ND) appears to be a stable asset class. While short-term fluctuations exist, the overall market health suggests a hold recommendation for current owners and potential buyers looking for a reliable investment.
Buying Recommendations
For prospective buyers, focusing on 2024 models is advisable, as they represent a significant portion of current inventory and are priced competitively. Targeting vehicles with under 50,000 miles will yield the best value, as these command a premium. Buyers should be cautious of listings with high asking prices compared to recent sales data, particularly those with significant gaps between sold and high bid prices, indicating unrealistic seller expectations.
This analysis is generated from CarSearch.Pro's market database (383 historical sales, 461 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.