What a Jeep Grand Cherokee (WK2) Is Actually Worth
True Value$17,100
Fair Range$15,100 - $19,200
Median Recent Sold$33,000
VerdictWATCH
As of August 2026, CarSearch.Pro's True Value model estimates a typical Jeep Grand Cherokee (WK2) is actually worth $17,100 (fair range $15,100 to $19,200). Unlike the median asking price shown above, True Value is anchored to 17 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 $16,600 — about 3% below what these cars have actually been selling for.
Supported but limited value · momentum cooling — but volatile.
As of August 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 $4,400 and $6,000. Jeep Grand Cherokee (WK2) prices have increased 8.6% over the past quarter, from a median sale price of $34,999 to $37,992.
The typical Jeep Grand Cherokee (WK2) on the market has 160,000 miles. Listings spend an average of 1 days on market before selling or being removed.
Current Jeep Grand Cherokee (WK2) Pricing
A fair price for a Jeep Grand Cherokee (WK2) in August 2026 is between $4,400 and $6,000 (25th to 75th percentile). Prices range from $3,495 to $6,499 across 1,000 active listings.
Price Distribution (1,000 Active Listings)
Percentile
Price
Meaning
10th
$3,495
Budget / project cars
25th
$4,400
Below average price
Median (50th)
$5,500
Typical market price
75th
$6,000
Above average / premium
90th
$6,499
Top tier / low miles / rare spec
The average asking price is $5,142, 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
$4,800
10,000 - 25,000 mi
24
$5,000
25,000 - 50,000 mi
14
$3,000
50,000 - 100,000 mi
69
$4,750
100,000 - 150,000 mi
279
$5,700
Over 150,000 mi
592
$5,500
Jeep Grand Cherokee (WK2) Price Trends
Jeep Grand Cherokee (WK2) prices have increased 8.6% over the past quarter. In 2026-Q3, the median sale price was $37,992 across 42 sales, up from $34,999 in 2026-Q2.
On a year-over-year basis, Jeep Grand Cherokee (WK2) prices are down 9.5% ($37,992 vs. $42,000 a year ago).
Jeep Grand Cherokee (WK2) Quarterly Sale Prices (Historical)
Quarter
Sales
Median Price
Average Price
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
23
$39,991
$39,023
2026-Q1
18
$49,500
$42,261
2026-Q2
48
$34,999
$34,958
2026-Q3
42
$37,992
$41,150
Best Value Jeep Grand Cherokee (WK2) by Model Year
The 2019 Jeep Grand Cherokee (WK2) offers the best value with a median price of $2,999 across 17 listings. The most expensive model year is 2016 at a median of $6,000.
Median Price by Model Year
Year
Listings
Median Price
Min
Max
2011
224
$5,500
$2,500
$6,586
2012
231
$5,300
$2,500
$6,595
2013
126
$5,500
$2,500
$6,645
2014
178
$5,749
$2,500
$6,631
2015
116
$5,900
$2,500
$6,633
2016
36
$6,000
$2,500
$6,500
2017
22
$5,000
$2,500
$6,500
2018
24
$3,500
$2,500
$6,348
2019
17
$2,999
$2,500
$6,500
2020
10
$3,000
$2,500
$4,000
2021
16
$3,000
$2,500
$5,200
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 59,616 miles:
Odometer (approx.)
Value Multiplier
Implied Value
1,118 mi
1.51x
$25,741
6,596 mi
1.19x
$20,344
8,732 mi
1.22x
$20,795
25,592 mi
1.19x
$20,354
39,166 mi
1.00x
$17,074
62,964 mi
1.03x
$17,542
97,910 mi
0.77x
$13,094
138,054 mi
0.66x
$11,244
300,000 mi
0.65x
$11,166
Low-mileage examples carry a real premium in this market: around 1,118 miles, cars trade at roughly 1.51x 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.
Jeep Grand Cherokee (WK2) Price Forecast
Horizon
Direction
Probability
Regime
Past Accuracy
6 months
↑ UP
39%
volatile
43% over 14 tests
12 months
↓ DOWN
63%
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 MI with 125 active listings, followed by GA (114), TX (91), FL (81), NJ (78).
Regional pricing varies significantly. The lowest median price is in AZ at $4,800, while VA has the highest at $5,999. Buyers willing to travel or arrange transport may find savings of $1,199.
Top States by Inventory
State
Listings
Median Price
MI
125
$5,500
GA
114
$5,700
TX
91
$5,200
FL
81
$4,900
NJ
78
$5,200
WA
64
$5,900
MA
58
$5,500
IL
57
$5,200
CA
48
$5,000
NY
45
$5,200
Jeep Grand Cherokee (WK2) Market Velocity
Jeep Grand Cherokee (WK2) listings spend an average of 1 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 1 days.
Jeep Grand Cherokee (WK2) Buyer's Guide Summary
Fair price range: $4,400 to $6,000. The median is $5,500. Anything below $4,400 is a strong value; above $6,000 should be premium condition, low miles, or a desirable specification.
Trending up: Jeep Grand Cherokee (WK2) prices have risen 8.6% recently. Buying sooner may save money if the trend continues.
Best value year: The 2019 model year has the lowest median price at $2,999, making it the most accessible entry point into Jeep Grand Cherokee (WK2) ownership.
Act fast: With an average of 1 days on market, good examples sell quickly. Have financing arranged and be ready to move on a listing within days.