2023 Jeep Grand Cherokee Depreciation
A 3-year-old 2023 Jeep Grand Cherokee has lost about 41.0% of its roughly $50,230 original value. In the 2026 source cohort, it typically listed for around $29,580, with most listings between $26,085 and $32,857. Listed examples average 40,458 miles.
2023 Jeep Grand Cherokee Price by Mileage
What buyers actually pay at different odometer readings.
How Mileage Affects 2023 Jeep Grand Cherokee Price
Each dot is a real listing — price plotted against odometer reading.
| Mileage | Median price | Listings |
|---|---|---|
| Under 30k mi | $31,590 | 65 |
| 30k–50k mi | $29,979 | 95 |
| 50k–75k mi | $26,664 | 42 |
| 75k–100k mi | $24,490 | 10 |
What's a Good Price for a 2023 Jeep Grand Cherokee?
Great deal
Under $27,420
Typical
$27,420–$31,873
Overpriced
Above $31,873
Based on the middle 50% of listings — always adjust for mileage and condition.
Price Spread
Range across 214 listings.
Half of all listings fall between $27,420 and $31,873, with a median of $29,825.
Ownership & Condition
Across 214 2023 Jeep Grand Cherokee listings.
Accident-free
84.2%
One-owner
84.2%
Avg owners
1.2
Personal use
15.8%
2023 Jeep Grand Cherokee Efficiency & Specs
EPA fuel-economy and powertrain data.
Combined
20 MPG
City / Hwy
17 / 25
Fuel / year
$3,300
Fuel
Regular
Engine
3.6L 6-cyl
EPA class
Standard Sport Utility Vehicle 2WD
Depreciation by Trim
See how each 2023 Jeep Grand Cherokee trim holds its value.
| Trim | Fuel | MSRP | Median Resale | Depreciation | Listings |
|---|---|---|---|---|---|
| Laredo | Gasoline | $41,535 | $27,445 | 36.4% | 40 |
| Altitude X | Gasoline | $46,140 | $29,707 | 38.8% | 16 |
| Altitude | Gasoline | $46,140 | $29,395 | 40.0% | 8 |
| Limited | Gasoline | $50,230 | $29,928 | 43.1% | 68 |
| Overland | Gasoline | $60,195 | $33,645 | 44.2% | 19 |
How the 2023 Jeep Grand Cherokee Compares to Other Years
At 41.0% depreciation, the 2023 Jeep Grand Cherokee sits among its neighbors on the depreciation curve. The one-year-newer 2024 has lost 32.5% (around $32,437), so stepping up a model year costs roughly $2,857 more. The older 2022 sits at 42.2% (around $28,672), so dropping back a year saves about $908. Buying one model year newer or older is one of the easiest ways to trade purchase price against age and remaining warranty.
Known Issues & Complaints
369 NHTSA complaints, 19 recalls reported.
ELECTRICAL SYSTEM
144 complaintsThis vehicle has experienced continuous HV battery drainage since repaired under recall 68C on 2/9/26. Multiple follow up trips to the dealer and discussions with the Stellantis "Star team" have resulted in them informing me the vehicle is
SUSPENSION
43 complaintsThe rear coil spring on the passenger side detached from the vehicle. The problem was confirmed by a repair shop. There was no warning whatsoever.
STEERING
40 complaintsThe contact owns a 2023 Jeep Grand Cherokee. The contact stated that while driving at various speeds, there was an abnormal sound coming from the front-end of the vehicle, with the sound more significant on the driver's side. The vehicle wa
UNKNOWN OR OTHER
32 complaintsJuly 31, 2024, purchased a new 2023 Jeep Grand Cherokee Summitt (Hybrid) from local Chrysler/Dodge dealer in Las Vegas Nevada. Keeping this very high level, after the 3rd day the vehicle would not start. The dealer sent technician to our ho
POWER TRAIN
28 complaintsMy wife was driving our jeep and it suddenly shifted into park while slamming the brakes on its own. She had to stay in the middle of the road shut it off & then start up and drive again but it keep happening the whole 20 mins stopping ride
SERVICE BRAKES
13 complaintsThe contact owns a 2023 Jeep Grand Cherokee. The contact stated that while driving at an undisclosed speed searching for a parking spot, the brake pedal was depressed; however, the vehicle failed to stop as intended. The contact stated that
Top Issues
- ELECTRICAL SYSTEM
- SUSPENSION
- STEERING
- UNKNOWN OR OTHER
- POWER TRAIN
Buyer Red Flags
- !Recall 23V336000 (EQUIPMENT): Chrysler (FCA US, LLC) is recalling certain 2022-2023 Jeep Grand Cherokee L and Grand Cherokee vehicles. The air bag warning label may be missing from the dashboard. As such, these
- !Recall 23V352000 (STEERING): Chrysler (FCA US, LLC) is recalling certain 2022-2023 Jeep Grand Cherokee and 2021-2023 Jeep Grand Cherokee L vehicles. An incorrectly assembled steering column intermediate shaft
- !Recall 23V413000 (SUSPENSION): Chrysler (FCA US, LLC) is recalling certain 2022-2023 Jeep Grand Cherokee and 2021-2023 Jeep Grand Cherokee L vehicles. The rear coil springs may have been incorrectly installed an
- !Recall 23V577000 (BACK OVER PREVENTION): Chrysler (FCA US, LLC) is recalling certain 2022-2023 Jeep Grand Cherokee, 2021-2023 Jeep Grand Cherokee L, and 2022-2024 Jeep Wagoneer and Grand Wagoneer vehicles. The Central Vis
2023 Jeep Grand Cherokee Listings
Real 2023 Grand Cherokee listings on the market now.
$30,590
2023 Altitude · Black
7,921 mi · Richmond, VA
View listing →
$32,990
2023 Laredo · Black
12,643 mi · Salt Lake City, UT
View listing →
$34,590
2023 Limited · White
17,318 mi · Columbus, OH
View listing →
$31,990
2023 Limited · Black
18,513 mi · Indianapolis, IN
View listing →
$30,990
2023 Limited · Red
19,442 mi · Chicago, IL
View listing →
$32,990
2023 Limited · White
22,624 mi · New York City, NY
View listing →
Live dealer listings, refreshed periodically. Prices and availability change.
Frequently Asked Questions
How much is a 2023 Jeep Grand Cherokee worth?
A 2023 Jeep Grand Cherokee is typically worth around $29,580, with most listings falling between $26,085 and $32,857. The single biggest swing factor is mileage — listed examples average about 40,458 miles, and each additional 10,000 miles shaves a few percent off the price. Condition, accident history, trim, and how many owners a car has had move the number from there. Treat the median as a fair starting point and adjust up for a clean, low-mileage, one-owner car or down for higher mileage and any reported damage.
How much has the 2023 Jeep Grand Cherokee depreciated?
The 2023 Jeep Grand Cherokee has lost about 41.0% of its original $50,230 base MSRP — roughly $20,594 in value, after adjusting listing prices to typical mileage for the age. Most of a car's lifetime depreciation happens in its earliest years, so a vehicle of this age has usually weathered the steepest part of the curve already. That's what makes a well-kept example at this age an efficient buy: you let the original owner absorb the fastest depreciation, then enjoy a much slower decline from here.
How many miles does a used 2023 Grand Cherokee have?
Listed 2023 Grand Cherokees average about 40,458 miles, with most between 22,769 and 58,144. As a rule of thumb, "average" mileage for any car is roughly 12,000 miles per year of age, so compare a specific listing against that benchmark. A below-average odometer commands a premium and an above-average one a discount, but a higher-mileage car with complete service records and one owner can be a better buy than a low-mileage car with gaps in its history. Consistent maintenance does more for a car's remaining lifespan than a low number on the odometer alone.
What is a good price for a 2023 Jeep Grand Cherokee?
For a 2023 Jeep Grand Cherokee, anything under $27,420 is a strong deal, $27,420 to $31,873 is the typical range where most cars trade, and above $31,873 is on the expensive side — those higher prices usually buy lower mileage, a certified warranty, or a premium trim. Always weigh the asking price against the car's specific mileage and condition rather than the sticker alone: a slightly higher price for a clean, one-owner, accident-free example is often money well spent. And treat a listing priced well below the range as a prompt to dig deeper — unusually cheap cars almost always have a reason, whether it's high mileage, accident history, or a branded title.
Methodology
Figures for the 2023 Jeep Grand Cherokee are computed from 154 real used-car listings. Each asking price is normalized to a standard 12,000 miles per year for the car's age, adjusted by a 5% asking-to-sale estimate, and compared against the original base MSRP for that VIN's trim. Full methodology. Updated August 2026.