What a Mitsubishi Lancer Evolution Is Actually Worth
True Value$23,400
Fair Range$20,600 - $26,200
Median Recent Sold$30,200
VerdictWATCH
As of July 2026, CarSearch.Pro's True Value model estimates a typical Mitsubishi Lancer Evolution is actually worth $23,400 (fair range $20,600 to $26,200). Unlike the median asking price shown above, True Value is anchored to 291 recent confirmed sales, normalized for mileage, and blends auction hammer prices (grossed up for buyer's premium) with real-world asking behavior.
As of July 2026, the Mitsubishi Lancer Evolution market has 989 active listings across 14 marketplaces tracked by CarSearch.Pro. The median asking price is $22,995, with the middle 50% of listings priced between $5,500 and $32,412. Mitsubishi Lancer Evolution prices have increased 13.3% over the past quarter, from a median sale price of $30,000 to $33,995.
The typical Mitsubishi Lancer Evolution on the market has 95,518 miles. Listings spend an average of 85 days on market before selling or being removed.
Current Mitsubishi Lancer Evolution Pricing
A fair price for a Mitsubishi Lancer Evolution in July 2026 is between $5,500 and $32,412 (25th to 75th percentile). Prices range from $3,400 to $42,905 across 989 active listings.
Price Distribution (989 Active Listings)
Percentile
Price
Meaning
10th
$3,400
Budget / project cars
25th
$5,500
Below average price
Median (50th)
$22,995
Typical market price
75th
$32,412
Above average / premium
90th
$42,905
Top tier / low miles / rare spec
The average asking price is $22,259, which is lower than the median, suggesting pricing is relatively symmetrical across the market.
Price by Mileage
Mileage Range
Listings
Median Price
Under 10,000 mi
25
$26,000
10,000 - 25,000 mi
58
$35,995
25,000 - 50,000 mi
73
$38,000
50,000 - 100,000 mi
353
$28,777
100,000 - 150,000 mi
303
$10,987
Over 150,000 mi
166
$4,500
Mitsubishi Lancer Evolution Price Trends
Mitsubishi Lancer Evolution prices have increased 13.3% over the past quarter. In 2026-Q3, the median sale price was $33,995 across 1 sales, up from $30,000 in 2026-Q2.
On a year-over-year basis, Mitsubishi Lancer Evolution prices are up 21.4% ($33,995 vs. $27,995 a year ago).
Mitsubishi Lancer Evolution Quarterly Sale Prices (Historical)
Quarter
Sales
Median Price
Average Price
2024-Q4
30
$31,499
$38,624
2025-Q1
27
$34,418
$33,787
2025-Q2
52
$25,250
$29,435
2025-Q3
65
$27,995
$34,244
2025-Q4
54
$33,000
$35,961
2026-Q1
189
$29,900
$32,792
2026-Q2
34
$30,000
$31,927
2026-Q3
1
$33,995
$33,995
Best Value Mitsubishi Lancer Evolution by Model Year
The 2009 Mitsubishi Lancer Evolution offers the best value with a median price of $3,800 across 35 listings. The most expensive model year is 2000 at a median of $53,995.
Median Price by Model Year
Year
Listings
Median Price
Min
Max
1994
1
$45,000
$45,000
$45,000
1995
1
$32,496
$32,496
$32,496
1996
16
$29,000
$15,900
$35,950
1997
3
$23,995
$21,000
$23,995
1998
6
$34,500
$24,000
$45,999
1999
8
$42,687
$27,995
$68,995
2000
2
$53,995
$49,995
$53,995
2001
7
$33,995
$11,500
$46,720
2002
7
$4,400
$2,500
$36,000
2003
34
$30,000
$2,500
$59,900
2004
25
$28,900
$2,500
$40,245
2005
37
$32,412
$2,500
$65,373
2006
68
$50,150
$2,500
$119,997
2008
99
$21,999
$2,500
$39,990
2009
35
$3,800
$2,500
$16,500
2010
63
$18,500
$2,500
$35,000
2011
74
$5,224
$2,500
$32,575
2012
80
$17,695
$2,500
$39,999
2013
69
$22,999
$2,500
$44,900
2014
140
$22,999
$2,500
$55,995
2015
171
$29,150
$2,500
$184,999
2016
41
$6,000
$2,900
$13,999
How Mileage Affects Mitsubishi Lancer Evolution Value
Most price guides assume value falls linearly with mileage. It doesn't. CarSearch.Pro learns the actual price-vs-mileage curve for the Mitsubishi Lancer Evolution from confirmed sales, referenced to a typical example at about 67,054 miles:
Odometer (approx.)
Value Multiplier
Implied Value
235 mi
1.95x
$45,522
5,520 mi
1.75x
$41,023
10,505 mi
1.51x
$35,271
21,491 mi
1.25x
$29,223
38,422 mi
1.21x
$28,426
64,199 mi
1.02x
$23,760
93,815 mi
0.85x
$19,977
140,281 mi
0.72x
$16,834
300,000 mi
0.69x
$16,056
Low-mileage examples carry a real premium in this market: around 235 miles, cars trade at roughly 1.95x the reference value. At the other end, 300,000-mile examples trade at about 0.69x. Implied values here are anchored to this market's True Value.
Mitsubishi Lancer Evolution Price Forecast
Horizon
Direction
Probability
Regime
Past Accuracy
6 months
↑ UP
49%
volatile
67% over 48 tests
12 months
↑ UP
50%
volatile
76% over 42 tests
24 months
↑ UP
50%
volatile
53% over 30 tests
These are probabilistic direction calls, not price targets. The "Past Accuracy" column is this model's real walk-forward record on the Mitsubishi Lancer Evolution — 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 Mitsubishi Lancer Evolution
The highest concentration of Mitsubishi Lancer Evolution listings is in TX with 102 active listings, followed by CA (99), IL (84), WA (78), FL (70).
Regional pricing varies significantly. The lowest median price is in TX at $6,000, while VA has the highest at $33,995. Buyers willing to travel or arrange transport may find savings of $27,995.
Top States by Inventory
State
Listings
Median Price
TX
102
$6,000
CA
99
$8,500
IL
84
$28,000
WA
78
$24,999
FL
70
$17,695
AZ
67
$18,000
CO
51
$20,000
GA
47
$6,500
OR
44
$28,245
NY
36
$25,000
Mitsubishi Lancer Evolution Market Velocity
Mitsubishi Lancer Evolution listings spend an average of 85 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 43 days. The lower median suggests most cars sell relatively quickly, while a smaller number of overpriced listings drag up the average.
Mitsubishi Lancer Evolution Buyer's Guide Summary
Fair price range: $5,500 to $32,412. The median is $22,995. Anything below $5,500 is a strong value; above $32,412 should be premium condition, low miles, or a desirable specification.
Trending up: Mitsubishi Lancer Evolution prices have risen 13.3% recently. Buying sooner may save money if the trend continues.
Best value year: The 2009 model year has the lowest median price at $3,800, making it the most accessible entry point into Mitsubishi Lancer Evolution ownership.
Negotiate: With an average of 85 days on market, sellers are often willing to negotiate. Listings over 60 days old are especially open to offers.