What a Mitsubishi Lancer Evolution Is Actually Worth
True Value$24,200
Fair Range$21,300 - $27,100
Median Recent Sold$29,800
VerdictUNDERVALUED
As of August 2026, CarSearch.Pro's True Value model estimates a typical Mitsubishi Lancer Evolution is actually worth $24,200 (fair range $21,300 to $27,100). Unlike the median asking price shown above, True Value is anchored to 289 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 $20,200 — about 17% below what these cars have actually been selling for. Asks sitting below recent sold values can signal softening demand or motivated sellers.
As of August 2026, the Mitsubishi Lancer Evolution market has 1,000 active listings across 14 marketplaces tracked by CarSearch.Pro. The median asking price is $19,950, with the middle 50% of listings priced between $5,500 and $29,499. Mitsubishi Lancer Evolution prices have decreased 16.7% over the past quarter, from a median sale price of $30,000 to $25,000.
The typical Mitsubishi Lancer Evolution on the market has 102,000 miles. Listings spend an average of 84 days on market before selling or being removed.
Current Mitsubishi Lancer Evolution Pricing
A fair price for a Mitsubishi Lancer Evolution in August 2026 is between $5,500 and $29,499 (25th to 75th percentile). Prices range from $3,500 to $37,000 across 1,000 active listings.
Price Distribution (1,000 Active Listings)
Percentile
Price
Meaning
10th
$3,500
Budget / project cars
25th
$5,500
Below average price
Median (50th)
$19,950
Typical market price
75th
$29,499
Above average / premium
90th
$37,000
Top tier / low miles / rare spec
The average asking price is $19,018, 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
15
$9,900
10,000 - 25,000 mi
38
$34,500
25,000 - 50,000 mi
49
$34,995
50,000 - 100,000 mi
376
$27,990
100,000 - 150,000 mi
327
$10,000
Over 150,000 mi
188
$4,000
Mitsubishi Lancer Evolution Price Trends
Mitsubishi Lancer Evolution prices have decreased 16.7% over the past quarter. In 2026-Q3, the median sale price was $25,000 across 9 sales, down from $30,000 in 2026-Q2.
On a year-over-year basis, Mitsubishi Lancer Evolution prices are down 10.7% ($25,000 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
9
$25,000
$38,144
Best Value Mitsubishi Lancer Evolution by Model Year
The 2009 Mitsubishi Lancer Evolution offers the best value with a median price of $4,000 across 42 listings. The most expensive model year is 1994 at a median of $45,000.
Median Price by Model Year
Year
Listings
Median Price
Min
Max
1994
2
$45,000
$30,000
$45,000
1995
1
$35,000
$35,000
$35,000
1996
14
$29,000
$21,000
$35,950
1997
6
$23,995
$8,000
$27,499
1998
4
$38,888
$32,844
$45,999
1999
6
$42,687
$31,995
$44,777
2000
1
$44,995
$44,995
$44,995
2001
7
$39,900
$26,500
$48,995
2002
10
$4,400
$2,500
$8,238
2003
37
$24,750
$2,500
$45,373
2004
19
$28,400
$2,800
$47,500
2005
37
$29,845
$2,500
$46,800
2006
37
$44,791
$2,700
$48,900
2007
1
$3,000
$3,000
$3,000
2008
116
$20,000
$2,500
$40,000
2009
42
$4,000
$2,500
$16,500
2010
77
$18,000
$3,000
$35,000
2011
76
$6,000
$2,500
$35,000
2012
82
$17,000
$2,500
$39,999
2013
84
$15,000
$2,500
$44,900
2014
126
$22,600
$2,500
$42,999
2015
170
$25,991
$2,800
$46,500
2016
45
$6,500
$3,250
$13,880
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 63,111 miles:
Odometer (approx.)
Value Multiplier
Implied Value
470 mi
2.29x
$55,298
5,400 mi
1.63x
$39,558
10,592 mi
1.45x
$35,095
21,750 mi
1.18x
$28,646
38,669 mi
1.22x
$29,407
64,295 mi
0.99x
$23,913
93,493 mi
0.83x
$20,077
139,669 mi
0.72x
$17,389
300,000 mi
0.68x
$16,449
Low-mileage examples carry a real premium in this market: around 470 miles, cars trade at roughly 2.29x the reference value. At the other end, 300,000-mile examples trade at about 0.68x. 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
69% over 49 tests
12 months
↑ UP
49%
volatile
70% over 43 tests
24 months
↑ UP
50%
volatile
55% over 31 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 CA with 119 active listings, followed by WA (104), TX (98), IL (90), FL (88).
Regional pricing varies significantly. The lowest median price is in GA at $6,225, while OR has the highest at $27,995. Buyers willing to travel or arrange transport may find savings of $21,770.
Top States by Inventory
State
Listings
Median Price
CA
119
$12,348
WA
104
$24,888
TX
98
$8,500
IL
90
$21,250
FL
88
$19,000
CO
57
$22,995
AZ
45
$21,950
NJ
42
$11,000
GA
37
$6,225
MA
31
$7,497
Mitsubishi Lancer Evolution Market Velocity
Mitsubishi Lancer Evolution listings spend an average of 84 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 50 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 $29,499. The median is $19,950. Anything below $5,500 is a strong value; above $29,499 should be premium condition, low miles, or a desirable specification.
Trending down: Mitsubishi Lancer Evolution prices have dropped 16.7% recently. Patient buyers may benefit from waiting, but desirable examples still sell quickly.
Best value year: The 2009 model year has the lowest median price at $4,000, making it the most accessible entry point into Mitsubishi Lancer Evolution ownership.
Negotiate: With an average of 84 days on market, sellers are often willing to negotiate. Listings over 60 days old are especially open to offers.