As of August 2026, CarSearch.Pro's True Value model estimates a typical Ferrari 488 is actually worth $245,200 (fair range $215,800 to $274,700). Unlike the median asking price shown above, True Value is anchored to 123 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 $379,800 — about 55% above what these cars have actually been selling for. That gap favors patient buyers: negotiate from the sold data, not the ask.
As of August 2026, the Ferrari 488 market has 813 active listings across 14 marketplaces tracked by CarSearch.Pro. The median asking price is $379,773, with the middle 50% of listings priced between $325,599 and $426,589. Ferrari 488 prices have increased 33.3% over the past quarter, from a median sale price of $299,996 to $399,990.
The typical Ferrari 488 on the market has 11,833 miles. Listings spend an average of 81 days on market before selling or being removed.
Current Ferrari 488 Pricing
A fair price for a Ferrari 488 in August 2026 is between $325,599 and $426,589 (25th to 75th percentile). Prices range from $279,990 to $469,996 across 813 active listings.
Price Distribution (813 Active Listings)
Percentile
Price
Meaning
10th
$279,990
Budget / project cars
25th
$325,599
Below average price
Median (50th)
$379,773
Typical market price
75th
$426,589
Above average / premium
90th
$469,996
Top tier / low miles / rare spec
The average asking price is $400,613, 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
340
$400,975
10,000 - 25,000 mi
386
$370,125
25,000 - 50,000 mi
76
$299,070
50,000 - 100,000 mi
8
$279,991
Ferrari 488 Price Trends
Ferrari 488 prices have increased 33.3% over the past quarter. In 2026-Q3, the median sale price was $399,990 across 146 sales, up from $299,996 in 2026-Q2.
On a year-over-year basis, Ferrari 488 prices are up 51.2% ($399,990 vs. $264,500 a year ago).
Ferrari 488 Quarterly Sale Prices (Historical)
Quarter
Sales
Median Price
Average Price
2025-Q1
56
$259,900
$287,143
2025-Q2
92
$274,900
$276,411
2025-Q3
132
$264,500
$276,656
2025-Q4
125
$269,900
$303,304
2026-Q1
174
$289,985
$346,521
2026-Q2
275
$299,996
$345,333
2026-Q3
146
$399,990
$508,879
Best Value Ferrari 488 by Model Year
The 2016 Ferrari 488 offers the best value with a median price of $299,998 across 105 listings. The most expensive model year is 2019 at a median of $419,999.
Median Price by Model Year
Year
Listings
Median Price
Min
Max
2015
1
$3,000
$3,000
$3,000
2016
105
$299,998
$204,900
$463,000
2017
198
$369,000
$30,000
$759,000
2018
332
$387,700
$45,000
$731,584
2019
173
$419,999
$95,000
$1,800,000
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 7,424 miles:
Odometer (approx.)
Value Multiplier
Implied Value
669 mi
1.86x
$455,604
4,778 mi
1.07x
$263,163
10,745 mi
0.95x
$232,136
20,718 mi
0.91x
$224,238
36,479 mi
0.77x
$189,446
53,507 mi
0.76x
$187,563
97,980 mi
0.84x
$205,747
154,919 mi
0.67x
$165,012
300,000 mi
0.65x
$159,971
Low-mileage examples carry a real premium in this market: around 669 miles, cars trade at roughly 1.86x 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
48%
volatile
58% over 53 tests
12 months
↑ UP
55%
volatile
62% over 47 tests
24 months
↑ UP
57%
volatile
63% over 35 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 107 active listings, followed by TX (104), CA (102), NC (46), NY (41).
Regional pricing varies significantly. The lowest median price is in GA at $276,393, while IL has the highest at $425,411. Buyers willing to travel or arrange transport may find savings of $149,018.
Top States by Inventory
State
Listings
Median Price
FL
107
$359,980
TX
104
$363,950
CA
102
$379,035
NC
46
$379,996
NY
41
$407,900
MA
34
$424,900
IL
32
$425,411
OH
29
$350,388
AZ
27
$363,899
NV
13
$399,788
Ferrari 488 Market Velocity
Ferrari 488 listings spend an average of 81 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 36 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: $325,599 to $426,589. The median is $379,773. Anything below $325,599 is a strong value; above $426,589 should be premium condition, low miles, or a desirable specification.
Trending up: Ferrari 488 prices have risen 33.3% recently. Buying sooner may save money if the trend continues.
Best value year: The 2016 model year has the lowest median price at $299,998, making it the most accessible entry point into Ferrari 488 ownership.
Negotiate: With an average of 81 days on market, sellers are often willing to negotiate. Listings over 60 days old are especially open to offers.