Regardless of whether you are planning to buy a gently used iPhone 8, or planning to sell a gently used iPhone 8 — you are probably wondering about the current value of the phone. Of course, your curiosity will be a little different depending on whether you are a buyer or seller. Price drops are inevitable for used smartphones, which means buyers often want to wait and sellers often want to list the phone for sale immediately.
Keep reading to learn more about the price drop history of the iPhone 8, and discover the best times to buy or sell. Or, check out our iPhone Buyer’s Guide if you are unsure of which iPhone you want to buy as your upgrade.
Apple iPhone 8 price drop history
Apple originally released the iPhone 8 in September 2017, and it was priced at $699. This means the iPhone 8 is approaching four years old this September. Some may think that makes the phone ‘old’ in terms of smartphone years, but the iPhone 8 remains a top-selling phone in the Swappa marketplace (regularly being amongst the top 5 best sellers).
The iPhone 8 has become an affordable and reliable smartphone for various reasons. For example, it makes a great first smartphone for someone younger, or for someone that just wants a low-priced option for basic everyday usage. It is also a great low-cost option for someone that isn’t always gentle with their phones and has a habit of breaking things.
|November 2020||December 2020||January 2021||February 2021||March 2021||April 2021|
|iPhone 8 (64GB)||$244||$237||$202||$185||$175||$185|
|iPhone 8 (128GB)||$290||$307||$310||$257||$260||$221|
|iPhone 8 (256GB)||$273||$276||$263||$236||$230||$229|
The above table shows the average sale prices for a used iPhone 8 sold in the Swappa marketplace.
Get a cheap iPhone 8
The iPhone holds its value, especially when compared to other smartphones. But it is important to keep in mind that prices will drop over time. And while the value of a used smartphone doesn’t decrease each and every month, you should expect a decrease in value when you consider a longer period of time, such as 6-months.
For example, the 128GB iPhone 8 saw an average sale price of $290 in November 2020, but increased to $307 in December, and then to $310 in January 2021. But looking at the bigger picture, the average sale price of the iPhone 8 decreased by $69 from November 2020 to April 2021.
Some of the factors that affect the sale price of a used iPhone 8 include market demand, availability, the condition of the phone, and the specs such as the amount of internal storage space. A used iPhone 8 that is in good condition with 256GB would be expected to sell for more than a model that is in fair condition, or then a model with 64GB or 128GB of storage space.
Review the current iPhone 8 price trends on Swappa.
When is the best time to buy an iPhone 8?
The best time to buy a newish iPhone is just before or just after a new iPhone is released by Apple. Sellers often time their sales around the launch of a new iPhone, which means there are more listings to choose from, and that can result in sellers competing on price (read: that can result in better deals for buyers). But that said, if you are looking to replace a broken or damaged phone — the best time will always be immediately because nobody likes carrying a broken or damaged phone.
You can subscribe to get an email alert every time a new iPhone 8 listing is added by clicking on the “Subscribe” button on the iPhone 8 listing page, or find out why we feel the iPhone SE (2020) is worth it in 2021.
When is the best time to sell an iPhone 8?
Prices for used smartphones tend to drop over time, so the sooner you list, the better the possibility in terms of value. Looking back towards the table we highlighted in this post, and using the 64GB iPhone 8 as an example — the phone decreased in value by approximately $40 from November 2020 to January 2021. If you are selling to fund an upgrade, or even just to pocket some extra cash, it always feels better to get as much as you can so tap the green button below and get started with your listing.
The Swappa marketplace should be your first stop when it comes to buying and selling gently used smartphones. This is based on a few factors, which begin with Swappa being an active marketplace. The active marketplace means buyers will have plenty to choose from and sellers will be able to get their asking price in a timely manner. Of course, simply being an active marketplace isn’t everything, and this is where Swappa’s “No Junk, No Jerk” policy factors in.
This policy means all devices being listed must meet our strict listing requirements, and if you’re being a jerk and cannot play nicely with others — you’ll be shown the door. Swappa is also safe and secure. Part of the safety and security comes down to our policies and procedures.
- The Swappa moderation team reviews listings to make sure all devices meet our listing requirements.
- Swappa uses PayPal to process all payments due to the protections offered for buyers and sellers.
Swappa’s support and moderation team is available 24/7/365 if you have any questions or concerns. You can reach out if you have any questions, get started buying or selling immediately, or scan some of the reviews that have been posted by other Swappa users.