What is a Mitsubishi Lancer Evolution actually worth?

CarSearch.Pro's True Value model puts a typical Mitsubishi Lancer Evolution at $23,800 as of October 2026, with a fair range of $20,900 to $26,600. Unlike a simple average of asking prices, True Value is anchored to 298 recent confirmed sales (median $30,000), normalized for mileage, and blends auction results with live market asks — sellers are currently asking a median of $20,400.

What does a Mitsubishi Lancer Evolution cost?

As of October 2026, the median asking price for a Mitsubishi Lancer Evolution is $19,994. The middle 50% of listings are priced between $5,199 and $30,000. Prices range from $3,400 (10th percentile) to $42,687 (90th percentile) across 1,000 active listings tracked by CarSearch.Pro.

Are Mitsubishi Lancer Evolution prices going up or down?

In 2026-Q3, the median sale price was $29,373, down 2.1% from $30,000 in 2026-Q2. This is based on 53 sales recorded by CarSearch.Pro.

What is the best year Mitsubishi Lancer Evolution to buy?

The 2002 Mitsubishi Lancer Evolution offers the best value with a median price of $2,900 across 19 listings. This year has sufficient market inventory for competitive pricing.

Where are Mitsubishi Lancer Evolution cheapest?

Based on current listings, GA has the lowest median price at $3,999 across 38 listings. The top states by inventory are CA (105), TX (90), WA (87), FL (84), IL (63).

Will Mitsubishi Lancer Evolution values go up or down over the next year?

CarSearch.Pro's 12-month model currently points DOWN for the Mitsubishi Lancer Evolution (47% probability, volatile regime). For context, this model's past 12-month calls on this market have been directionally correct 78% of the time across 45 walk-forward tests. Forecasts are probabilistic, not guarantees.

How does mileage affect Mitsubishi Lancer Evolution value?

Based on CarSearch.Pro's empirical mileage curve learned from actual Mitsubishi Lancer Evolution sales, the relationship is non-linear: an example with around 470 miles trades at roughly 2.27x the reference value, while one with around 300,000 miles trades at roughly 0.57x. The reference point for this market is about 63,000 miles.

Mitsubishi Lancer Evolution Price Guide & Market Report

Name: Mitsubishi Lancer Evolution Market Data
Creator: CarSearch.Pro

Updated October 2026 | 1,000 active listings | 832 historical sales

Browse Listings

Median Price $19,994

Average Price $20,248

Fair Range (25th-75th) $5,199 - $30,000

Trend → Stable

What a Mitsubishi Lancer Evolution Is Actually Worth

True Value $23,800

Fair Range $20,900 - $26,600

Median Recent Sold $30,000

Verdict WATCH

As of October 2026, CarSearch.Pro's True Value model estimates a typical Mitsubishi Lancer Evolution is actually worth $23,800 (fair range $20,900 to $26,600). Unlike the median asking price shown above, True Value is anchored to 298 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 $20,400 — about 14% below what these cars have actually been selling for. Asks sitting below recent sold values can signal softening demand or motivated sellers.

Well-supported value — but volatile.

See the full Mitsubishi Lancer Evolution investment analysis →

Mitsubishi Lancer Evolution Market Summary

As of October 2026, the Mitsubishi Lancer Evolution market has 1,000 active listings across 14 marketplaces tracked by CarSearch.Pro. The median asking price is $19,994, with the middle 50% of listings priced between $5,199 and $30,000. Mitsubishi Lancer Evolution prices have decreased 2.1% over the past quarter, from a median sale price of $30,000 to $29,373.

The typical Mitsubishi Lancer Evolution on the market has 102,300 miles. Listings spend an average of 94 days on market before selling or being removed.

Current Mitsubishi Lancer Evolution Pricing

A fair price for a Mitsubishi Lancer Evolution in October 2026 is between $5,199 and $30,000 (25th to 75th percentile). Prices range from $3,400 to $42,687 across 1,000 active listings.

Price Distribution (1,000 Active Listings)
Percentile	Price	Meaning
10th	$3,400	Budget / project cars
25th	$5,199	Below average price
Median (50th)	$19,994	Typical market price
75th	$30,000	Above average / premium
90th	$42,687	Top tier / low miles / rare spec

The average asking price is $20,248, 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	17	$40,000
10,000 - 25,000 mi	48	$42,995
25,000 - 50,000 mi	61	$38,992
50,000 - 100,000 mi	350	$27,980
100,000 - 150,000 mi	317	$9,889
Over 150,000 mi	201	$3,900

Mitsubishi Lancer Evolution Price Trends

Mitsubishi Lancer Evolution prices have decreased 2.1% over the past quarter. In 2026-Q3, the median sale price was $29,373 across 53 sales, down from $30,000 in 2026-Q2.

On a year-over-year basis, Mitsubishi Lancer Evolution prices are up 4.9% ($29,373 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	53	$29,373	$34,771

Best Value Mitsubishi Lancer Evolution by Model Year

The 2002 Mitsubishi Lancer Evolution offers the best value with a median price of $2,900 across 19 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
1992	2	$53,522	$24,747	$53,522
1993	4	$26,415	$18,254	$34,516
1994	2	$25,134	$23,886	$25,134
1995	1	$35,172	$35,172	$35,172
1996	24	$25,000	$6,612	$37,641
1997	8	$23,995	$8,000	$27,499
1998	9	$31,999	$20,789	$45,999
1999	13	$36,999	$24,512	$53,999
2000	4	$53,995	$35,175	$59,538
2001	30	$33,500	$3,000	$50,153
2002	19	$2,900	$2,500	$6,929
2003	36	$25,000	$2,500	$54,995
2004	26	$25,000	$2,500	$40,000
2005	23	$26,500	$2,500	$50,000
2006	48	$45,500	$2,500	$57,991
2007	2	$27,636	$23,288	$27,636
2008	99	$18,500	$2,500	$40,000
2009	37	$4,500	$2,500	$16,500
2010	93	$17,999	$2,500	$35,000
2011	62	$6,000	$2,500	$41,991
2012	64	$8,571	$2,500	$48,094
2013	59	$15,000	$2,700	$44,900
2014	112	$23,995	$2,500	$55,995
2015	168	$27,995	$2,700	$59,991
2016	55	$7,500	$2,750	$16,998

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 63,000 miles:

Odometer (approx.)	Value Multiplier	Implied Value
470 mi	2.27x	$53,954
5,400 mi	1.61x	$38,253
10,674 mi	1.48x	$35,278
21,777 mi	1.22x	$29,014
38,798 mi	1.26x	$29,990
64,128 mi	0.99x	$23,511
93,863 mi	0.83x	$19,635
139,821 mi	0.73x	$17,315
300,000 mi	0.57x	$13,479

Low-mileage examples carry a real premium in this market: around 470 miles, cars trade at roughly 2.27x the reference value. At the other end, 300,000-mile examples trade at about 0.57x. Implied values here are anchored to this market's True Value.

Mitsubishi Lancer Evolution Price Forecast

Horizon	Direction	Probability	Regime	Past Accuracy
6 months	↓ DOWN	49%	volatile	71% over 51 tests
12 months	↓ DOWN	47%	volatile	78% over 45 tests
24 months	↓ DOWN	45%	volatile	67% over 33 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 105 active listings, followed by TX (90), WA (87), FL (84), IL (63).

Regional pricing varies significantly. The lowest median price is in GA at $3,999, while OR has the highest at $27,995. Buyers willing to travel or arrange transport may find savings of $23,996.

Top States by Inventory
State	Listings	Median Price
CA	105	$6,500
TX	90	$5,725
WA	87	$20,991
FL	84	$19,000
IL	63	$19,994
CO	49	$22,894
NJ	49	$9,900
AZ	46	$16,000
NY	39	$7,500
GA	38	$3,999

Mitsubishi Lancer Evolution Market Velocity

Mitsubishi Lancer Evolution listings spend an average of 94 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.

Mitsubishi Lancer Evolution Buyer's Guide Summary

Fair price range: $5,199 to $30,000. The median is $19,994. Anything below $5,199 is a strong value; above $30,000 should be premium condition, low miles, or a desirable specification.
Prices stable: Mitsubishi Lancer Evolution values have been relatively flat. There is no urgency to time the market.
Best value year: The 2002 model year has the lowest median price at $2,900, making it the most accessible entry point into Mitsubishi Lancer Evolution ownership.
Negotiate: With an average of 94 days on market, sellers are often willing to negotiate. Listings over 60 days old are especially open to offers.

Ready to start shopping? Browse all 1,000 Mitsubishi Lancer Evolution listings with AI quality scores, or get a free AI appraisal on a specific listing.

Data sourced from 11 marketplaces including eBay Motors, Bring a Trailer, Cars & Bids, AutoTrader, CarGurus, Cars.com, Facebook Marketplace, Classic.com, and Hagerty Marketplace. Updated daily by CarSearch.Pro's automated pipeline. Browse all 1,000 active Mitsubishi Lancer Evolution listings. Read the latest Mitsubishi Lancer Evolution market analysis.