What a Jeep Grand Cherokee (WK2) Is Actually Worth
True Value$16,600
Fair Range$14,600 - $18,600
Median Recent Sold$35,000
VerdictWATCH
As of July 2026, CarSearch.Pro's True Value model estimates a typical Jeep Grand Cherokee (WK2) is actually worth $16,600 (fair range $14,600 to $18,600). Unlike the median asking price shown above, True Value is anchored to 15 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 Jeep Grand Cherokee (WK2) market has 1,000 active listings across 14 marketplaces tracked by CarSearch.Pro. The median asking price is $5,500, with the middle 50% of listings priced between $4,100 and $6,200. Jeep Grand Cherokee (WK2) prices have decreased 23.3% over the past quarter, from a median sale price of $49,500 to $37,990.
The typical Jeep Grand Cherokee (WK2) on the market has 154,000 miles. Listings spend an average of 2 days on market before selling or being removed.
Current Jeep Grand Cherokee (WK2) Pricing
A fair price for a Jeep Grand Cherokee (WK2) in July 2026 is between $4,100 and $6,200 (25th to 75th percentile). Prices range from $3,000 to $6,514 across 1,000 active listings.
Price Distribution (1,000 Active Listings)
Percentile
Price
Meaning
10th
$3,000
Budget / project cars
25th
$4,100
Below average price
Median (50th)
$5,500
Typical market price
75th
$6,200
Above average / premium
90th
$6,514
Top tier / low miles / rare spec
The average asking price is $5,185, 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
8
$5,700
10,000 - 25,000 mi
17
$4,300
25,000 - 50,000 mi
28
$4,500
50,000 - 100,000 mi
107
$5,000
100,000 - 150,000 mi
294
$5,500
Over 150,000 mi
530
$5,700
Jeep Grand Cherokee (WK2) Price Trends
Jeep Grand Cherokee (WK2) prices have decreased 23.3% over the past quarter. In 2026-Q2, the median sale price was $37,990 across 4 sales, down from $49,500 in 2026-Q1.
On a year-over-year basis, Jeep Grand Cherokee (WK2) prices are down 7.2% ($37,990 vs. $40,950 a year ago).
Jeep Grand Cherokee (WK2) Quarterly Sale Prices (Historical)
Quarter
Sales
Median Price
Average Price
2024-Q3
11
$37,050
$33,545
2024-Q4
5
$54,495
$38,494
2025-Q1
5
$43,990
$40,921
2025-Q2
9
$40,950
$38,798
2025-Q3
9
$42,000
$40,164
2025-Q4
24
$40,598
$39,479
2026-Q1
8
$49,500
$43,899
2026-Q2
4
$37,990
$29,560
Best Value Jeep Grand Cherokee (WK2) by Model Year
The 2020 Jeep Grand Cherokee (WK2) offers the best value with a median price of $2,500 across 6 listings. The most expensive model year is 2016 at a median of $5,999.
Median Price by Model Year
Year
Listings
Median Price
Min
Max
2011
212
$5,500
$2,500
$6,900
2012
226
$5,500
$2,500
$6,900
2013
105
$5,529
$2,500
$6,893
2014
193
$5,800
$2,500
$6,949
2015
118
$5,800
$2,500
$6,900
2016
44
$5,999
$2,500
$6,900
2017
41
$4,187
$2,500
$6,925
2018
20
$3,500
$2,500
$6,877
2019
16
$3,000
$2,500
$5,000
2020
6
$2,500
$2,500
$3,500
2021
19
$3,000
$2,500
$5,000
How Mileage Affects Jeep Grand Cherokee (WK2) Value
Most price guides assume value falls linearly with mileage. It doesn't. CarSearch.Pro learns the actual price-vs-mileage curve for the Jeep Grand Cherokee (WK2) from confirmed sales, referenced to a typical example at about 44,677 miles:
Odometer (approx.)
Value Multiplier
Implied Value
1,118 mi
1.48x
$24,499
6,596 mi
1.20x
$19,862
8,732 mi
1.22x
$20,264
25,325 mi
1.19x
$19,815
39,166 mi
1.00x
$16,615
62,964 mi
1.02x
$17,010
107,118 mi
0.82x
$13,568
138,054 mi
0.68x
$11,304
300,000 mi
0.67x
$11,180
Low-mileage examples carry a real premium in this market: around 1,118 miles, cars trade at roughly 1.48x the reference value. At the other end, 300,000-mile examples trade at about 0.67x. Implied values here are anchored to this market's True Value.
Jeep Grand Cherokee (WK2) Price Forecast
Horizon
Direction
Probability
Regime
Past Accuracy
6 months
↓ DOWN
60%
volatile
31% over 13 tests
12 months
→ FLAT
50%
volatile
insufficient history
24 months
↓ DOWN
66%
volatile
insufficient history
These are probabilistic direction calls, not price targets. The "Past Accuracy" column is this model's real walk-forward record on the Jeep Grand Cherokee (WK2) — 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 Jeep Grand Cherokee (WK2)
The highest concentration of Jeep Grand Cherokee (WK2) listings is in TX with 69 active listings, followed by CA (68), NJ (68), FL (59), IL (59).
Regional pricing varies significantly. The lowest median price is in IL at $14,999, while MA has the highest at $19,428. Buyers willing to travel or arrange transport may find savings of $4,429.
Top States by Inventory
State
Listings
Median Price
TX
69
$15,900
CA
68
$16,998
NJ
68
$16,999
FL
59
$16,789
IL
59
$14,999
OH
47
$16,348
MI
46
$16,994
NC
43
$16,400
CO
42
$15,988
VA
36
$17,288
Jeep Grand Cherokee (WK2) Market Velocity
Jeep Grand Cherokee (WK2) listings spend an average of 2 days on market. This is a fast-moving market. Buyers should expect competitive pricing and be prepared to act quickly on well-priced examples. Sellers can generally expect strong demand.
The median time on market is 2 days.
Jeep Grand Cherokee (WK2) Buyer's Guide Summary
Fair price range: $4,100 to $6,200. The median is $5,500. Anything below $4,100 is a strong value; above $6,200 should be premium condition, low miles, or a desirable specification.
Trending down: Jeep Grand Cherokee (WK2) prices have dropped 23.3% recently. Patient buyers may benefit from waiting, but desirable examples still sell quickly.
Best value year: The 2020 model year has the lowest median price at $2,500, making it the most accessible entry point into Jeep Grand Cherokee (WK2) ownership.
Act fast: With an average of 2 days on market, good examples sell quickly. Have financing arranged and be ready to move on a listing within days.