As of October 2026, CarSearch.Pro's True Value model estimates a typical Ferrari 488 is actually worth $270,000 (fair range $237,600 to $302,400). Unlike the median asking price shown above, True Value is anchored to 133 recent confirmed sales, normalized for mileage, and blends auction hammer prices (grossed up for buyer's premium) with real-world asking behavior.
Sellers are currently asking a median of $385,000 — about 43% above what these cars have actually been selling for. That gap favors patient buyers: negotiate from the sold data, not the ask.
As of October 2026, the Ferrari 488 market has 957 active listings across 14 marketplaces tracked by CarSearch.Pro. The median asking price is $384,498, with the middle 50% of listings priced between $325,990 and $419,995. Ferrari 488 prices have decreased 13.8% over the past quarter, from a median sale price of $390,000 to $336,000.
The typical Ferrari 488 on the market has 11,456 miles. Listings spend an average of 90 days on market before selling or being removed.
Current Ferrari 488 Pricing
A fair price for a Ferrari 488 in October 2026 is between $325,990 and $419,995 (25th to 75th percentile). Prices range from $274,200 to $467,900 across 957 active listings.
Price Distribution (957 Active Listings)
Percentile
Price
Meaning
10th
$274,200
Budget / project cars
25th
$325,990
Below average price
Median (50th)
$384,498
Typical market price
75th
$419,995
Above average / premium
90th
$467,900
Top tier / low miles / rare spec
The average asking price is $395,757, which is higher than the median, indicating that high-priced outliers (rare specifications, very low mileage, or concours-quality examples) pull the average up.
Price by Mileage
Mileage Range
Listings
Median Price
Under 10,000 mi
404
$414,650
10,000 - 25,000 mi
443
$369,990
25,000 - 50,000 mi
91
$276,996
50,000 - 100,000 mi
13
$259,991
Ferrari 488 Price Trends
Ferrari 488 prices have decreased 13.8% over the past quarter. In 2026-Q4, the median sale price was $336,000 across 7 sales, down from $390,000 in 2026-Q3.
On a year-over-year basis, Ferrari 488 prices are up 24.5% ($336,000 vs. $269,900 a year ago).
Ferrari 488 Quarterly Sale Prices (Historical)
Quarter
Sales
Median Price
Average Price
2025-Q2
13
$274,990
$274,116
2025-Q3
132
$264,500
$276,656
2025-Q4
125
$269,900
$303,304
2026-Q1
174
$289,985
$346,521
2026-Q2
276
$299,996
$345,132
2026-Q3
273
$390,000
$470,063
2026-Q4
7
$336,000
$447,184
Best Value Ferrari 488 by Model Year
The 2016 Ferrari 488 offers the best value with a median price of $304,995 across 105 listings. The most expensive model year is 2019 at a median of $410,582.
Median Price by Model Year
Year
Listings
Median Price
Min
Max
2015
1
$3,000
$3,000
$3,000
2016
105
$304,995
$24,000
$436,212
2017
224
$365,438
$30,000
$825,888
2018
406
$389,905
$45,000
$731,584
2019
215
$410,582
$152,222
$1,879,000
How Mileage Affects Ferrari 488 Value
Most price guides assume value falls linearly with mileage. It doesn't. CarSearch.Pro learns the actual price-vs-mileage curve for the Ferrari 488 from confirmed sales, referenced to a typical example at about 7,000 miles:
Odometer (approx.)
Value Multiplier
Implied Value
676 mi
1.79x
$484,412
4,810 mi
1.07x
$289,111
10,774 mi
0.93x
$251,389
20,720 mi
0.88x
$237,956
36,479 mi
0.75x
$202,970
50,676 mi
0.76x
$205,602
97,980 mi
0.83x
$222,858
154,919 mi
0.69x
$185,266
300,000 mi
0.65x
$176,453
Low-mileage examples carry a real premium in this market: around 676 miles, cars trade at roughly 1.79x the reference value. At the other end, 300,000-mile examples trade at about 0.65x. Implied values here are anchored to this market's True Value.
Ferrari 488 Price Forecast
Horizon
Direction
Probability
Regime
Past Accuracy
6 months
↓ DOWN
45%
volatile
56% over 55 tests
12 months
↓ DOWN
41%
volatile
71% over 49 tests
24 months
→ FLAT
50%
volatile
81% over 37 tests
These are probabilistic direction calls, not price targets. The "Past Accuracy" column is this model's real walk-forward record on the Ferrari 488 — every month we re-run the forecast as if we only knew what was knowable then, and grade it against what actually happened. We publish the hit rate either way. Full methodology & track record →
Where to Buy a Ferrari 488
The highest concentration of Ferrari 488 listings is in FL with 145 active listings, followed by TX (123), CA (117), NC (58), IL (40).
Regional pricing varies significantly. The lowest median price is in NC at $333,076, while IL has the highest at $400,212. Buyers willing to travel or arrange transport may find savings of $67,136.
Top States by Inventory
State
Listings
Median Price
FL
145
$388,513
TX
123
$376,417
CA
117
$389,131
NC
58
$333,076
IL
40
$400,212
OH
37
$354,995
NY
35
$394,900
AZ
28
$350,698
MA
18
$359,998
GA
13
$394,900
Ferrari 488 Market Velocity
Ferrari 488 listings spend an average of 90 days on market. This is a slow-moving market. Listings tend to sit for extended periods, giving buyers significant negotiating power. Sellers should be realistic on pricing and patient.
The median time on market is 58 days. The lower median suggests most cars sell relatively quickly, while a smaller number of overpriced listings drag up the average.
Ferrari 488 Buyer's Guide Summary
Fair price range: $325,990 to $419,995. The median is $384,498. Anything below $325,990 is a strong value; above $419,995 should be premium condition, low miles, or a desirable specification.
Trending down: Ferrari 488 prices have dropped 13.8% recently. Patient buyers may benefit from waiting, but desirable examples still sell quickly.
Best value year: The 2016 model year has the lowest median price at $304,995, making it the most accessible entry point into Ferrari 488 ownership.
Negotiate: With an average of 90 days on market, sellers are often willing to negotiate. Listings over 60 days old are especially open to offers.