2024 Jeep Grand Cherokee Pricing Analysis

Pricing by Popular US Cities

Market Area: Nationwide

Key Insights

• Highest Prices in Philadelphia: The city commands the highest average price at $36,631, likely due to higher demand and limited inventory.
• Lowest Prices in Los Angeles: With an average price of $28,251, Los Angeles offers the most competitive pricing, possibly reflecting a larger inventory and diverse market.
• Inventory Variation: Cities like Philadelphia (742 listings) and Houston (648 listings) show strong inventory levels, correlating with higher average prices, while Atlanta (184 listings) has lower inventory and a mid-range price point.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• Limited 4WD is the Most Common Trim: With 8,886 listings, it dominates the inventory, indicating strong consumer preference for this configuration.
• Premium Trims Command Higher Prices: The Summit 4WD trim has the highest MSRP at $62,560, reflecting its luxury features and positioning in the market.
• Value in Base Trims: The Laredo 4WD trim, with an MSRP of $40,035, offers a balance of features and price, appealing to budget-conscious buyers.

Trim-Level Details

Pricing Analysis by Model Year

Key Insights

• Significant Premium for New Models: The 2026 model is priced at $49,736, reflecting a 28.1% increase over its MSRP, indicating strong demand for the latest model.
• Depreciation Trends: Older models, particularly the 2015 Jeep Grand Cherokee, show a steep decline in value, priced at $12,946, which is -56.8% from its original MSRP.
• Best Value in Recent Models: The 2022 model is priced at $28,799, representing a modest depreciation of -22.1%, making it a potentially attractive option for buyers seeking a balance of price and features.

Model Year Pricing

These recommendations are based on CarGurus' proprietary market data from July 9, 2026, CarGurus experts' opinions, and generative AI.