If you are using an iPhone 7 you may be thinking about upgrading to a newer model. There are a few different factors that affect smartphone pricing. One of these factors is market demand. Because the iPhone 7 is one of the best affordable iPhones and a great choice for kids, there are plenty of people still in the market for one.
The other factors that affect the price include the condition and specs, as well as whether you are selling the phone or using a trade-in service. And, as we will highlight in this post, you will also get more money if you sell the phone. This leaves one question — how much is the iPhone 7 worth in 2021?
Read our How much is my iPhone worth blog post if you are interested in checking the value for other iPhone models.
How much is the iPhone 7 worth?
Apple announced the iPhone 7 on September 7, 2016, and released it for sale about a week later, on September 16, 2016. The iPhone 7 was released alongside the iPhone 7 Plus, and these two models make up the 10th generation of the iPhone lineup.
The iPhone 7 launched with an MSRP of $649 for the 32GB model. Apple also released 128GB and 256GB variants of the iPhone 7, and these models were priced at $749 and $849, respectively. The table below shows the value of an iPhone 7 as of April 7, 2021.
|Apple iPhone 7||$158 (average)||Up to $90||Up to $70|
|Apple iPhone 7 Plus||$255 (average)||Up to $130||Up to $120|
The prices shown in the table highlight the difference between the selling price and trade-in pricing. There is a bit of convenience that you get from using a trade-in service, however, you are trading some of the value of your phone for that convenience.
The average price for the iPhone 7 in the Swappa marketplace is for all models (including Mint, Good, and Fair conditions, and for 32GB, 128GB, and 256GB storage options). The current Swappa average is $158, but it is important to remember that your sale price may vary slightly depending on the condition and storage.
Otherwise, the Apple trade-in price is noted as being an “up to” situation, which means that is the most you can expect to get for any iPhone 7. Similarly, the Best Buy pricing is noted as being an “estimate” and the prices shown here in the post reflect an iPhone 7 in Good condition with 256GB of storage.
Sell your iPhone 7 on Swappa
Trade-in services are convenient, however, you will get less money for your phone. You also often have to wait before getting paid because you need to ship your phone, wait for it to be inspected, and then wait a bit longer for your payment to be processed. That payment may also come in the form of a gift card that can only be used with a specific retailer.
Having said that, we recommend selling your phone in the Swappa marketplace to maximize the money you get. And don’t forget, Swappa doesn’t have any seller fees — our sale fee is paid by the buyer. The iPhone 7 is regularly a top-selling phone on Swappa, but you should remember that sale prices tend to drop slightly from month to month. Simply put, the quicker you list your iPhone 7 for sale the more money you stand to get in return.
We encourage you to review Swappa’s listing criteria requirements to make sure your iPhone 7 can be listed. After that, you can learn more about getting started selling on Swappa and then tap the green button below to get started.