Land Rover Series 109 Market Analysis — May 2026
Executive Summary
The Land Rover Series 109 market is currently stable, with a year-over-year price change of 1.1%. The data indicates a consistent demand for this classic vehicle, particularly from the late 1960s. An actionable insight is to focus on listings from 1969 and 1970, as these years show the highest sales volume and may yield better investment returns.
Market Snapshot
- Current inventory: 52 active listings
- Median asking price: $34,950 (historical median: $22,520)
- Price trend: Stable (1.1% YoY)
- Market velocity: 55 days average time on market
PRICE TRENDS & APPRECIATION
Analyzing the quarterly trends, the market has shown fluctuations but remains stable overall. For instance, in 2025-Q1, the median price dropped to $18,000, while in 2025-Q2, it rebounded to $25,542. The most recent quarter, 2026-Q2, shows a median price of $20,284, indicating a slight decline from the previous quarter's $23,866. The average price across recent quarters has varied, with 2025-Q2 showing an average of $30,256, suggesting that while there are dips, the market has not experienced significant depreciation.
Auction Market Dynamics
The sell-through rate stands at 73.6%, indicating a relatively healthy market. The median price for sold vehicles is $23,397, while the median high bid is $19,764. This results in a reserve gap, suggesting that sellers may have unrealistic expectations, as buyers are willing to pay less than what sellers are asking. The ratio of sold to unsold/high_bid vehicles indicates that while there is demand, sellers need to align their expectations with market realities.
Configuration Value Guide
The body style breakdown shows only a 2-Door configuration listed, with an average price of $28,048. However, the price by year indicates that vehicles from 1969 and 1970 command higher prices, with averages of $36,877 and $35,481, respectively. This suggests that while specific configurations may not vary significantly, the year of manufacture plays a crucial role in determining value.
Mileage Impact
Mileage analysis reveals that vehicles with under 50,000 miles command an average price of $54,619, significantly higher than the $31,951 average for those with 50,000 to 100,000 miles. Vehicles with over 100,000 miles average $37,467. This indicates that buyers are willing to pay a premium of approximately $22,668 for low-mileage vehicles compared to those with higher mileage.
Regional Pricing
Geographic distribution shows that vehicles listed as "Unknown" have the highest average price at $63,930, while those in the South average $33,719. The West region averages $25,284, indicating potential arbitrage opportunities for buyers in lower-priced regions. The Northeast and Midwest show average prices of $29,667 and $21,798, respectively, suggesting that buyers in these areas may find better deals compared to the "Unknown" category.
Market Health Indicators
The average days on market is 55, with a median of 44 days, indicating that while listings are selling, they are not moving quickly. The presence of 10 listings with price reductions suggests some softening demand. However, the introduction of 5 new listings this week indicates a steady supply of vehicles entering the market.
Investment Outlook
Given the stable price trend and consistent demand for the Land Rover Series 109, this asset class appears to be a stable investment. While there are fluctuations, the overall market health indicators suggest that it is a hold recommendation for current owners, with potential appreciation for well-maintained models from the late 1960s.
Buying Recommendations
Prospective buyers should focus on models from 1969 and 1970, as these years have shown the highest sales volumes and prices. Target price ranges should be between $20,000 and $30,000 for vehicles in good condition, particularly those with lower mileage. Buyers should be cautious of listings with high asking prices that exceed the median sold price, as this may indicate sellers' unrealistic expectations.
This analysis is generated from CarSearch.Pro's market database (528 historical sales, 52 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.