How much should I sell my PS5 for in 2024?
As a gaming aficionado who‘s been following PS5 price trends closely since launch, I can definitively say that 2023 remains a seller‘s market for used consoles. Despite restocks, demand still drastically outpaces supply with scalpers and collectors ready to pay a premium. Based on recent sales data and predictions from industry analysts, the current used market value range for PlayStation 5 consoles is approximately $700 to $850.
Selling your gently used PS5 for profit is easier than you think thanks to a perfect storm of factors:
Key Drivers Propping Up Used PS5 Prices
Ongoing Chip Deficit
The biggest contributor to inflated used PS5 pricing is the semiconductor shortage resulting in constrained manufacturing. Sony‘s suppliers lack essential materials:
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| Component | Shortfall |
|---|---|
| Semiconductors | 50% Below Target |
| Capacitors | 30% Below Target |
| Resistors | 60% Below Target |
Sony CFO Hiroki Totoki told investors in November they are only receiving "half of what we planned to sell" from vendors. Inventory will remain tight throughout 2023. This supply and demand imbalance sustains elevated pricing.
Ongoing Popularity
The PS5‘s cutting edge graphics and near 100 million PS4 owners primed for upgrading ensures soaring demand is here to stay. Pokde‘s sales estimates show PS5 outpacing PS4 by nearly 5 million units at the same point after launch. Strong momentum means used systems sell lightning fast.
Lack of Console Exclusives
Xbox can‘t capitalize on PS5 shortages without system selling exclusive games. All major third party titles launch across both platforms. Gamers are paying substantial markups just for access to flagship PlayStation exclusives like Spider-Man, Horizon Forbidden West, and the upcoming Wolverine and Spider-Man 2.
Where To Sell Your PS5 For Top Dollar
More buyers competing drives up used prices. I recommend listing your PlayStation 5 on multiple leading reseller platforms simultaneously:
- eBay – Largest reach of serious buyers willing to pay premiums
- Facebook Marketplace – Simple local sales with cash/checkout options
- StockX – Trusted marketplace with real-time price charts
- Swappa – Reliable consumer electronics resale site
- Decluttr – Reputable trade-in program for convenience
Variable Pricing Factors To Consider
Evaluating listings across these marketplaces reveals some clear pricing trends based on edition, accessories, and condition:
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| PS5 Edition | Average Price |
|---|---|
| Disc | $775 |
| Digital | $725 |
- Disc consoles command higher premiums from physical media fans
- Extra accessories like games/controllers boost values by $25-$100
- Superb "Like New" condition adds ~10% over "Good" shape
Pricing Guidance For Optimizing PlayStation Profits
As an experienced PS reseller, I have some pro tips:
- Bundle in the box, extra controller, and popular titles
- Thoroughly clean the console to exhibit condition
- Note any limited edition aesthetic flourishes
- Start on the higher end around $850
- Highlight hot exclusives in the description
- Take clear photos presenting the complete package
- Be prepared to negotiate down to $700 range
The LIMITED EDITION Call of Duty: Modern Warfare II PS5 Bundle I‘m selling for $899 with the controller, unopened game, and pristine original box is a prime example of showcasing desirability and value.
If you‘ve been pondering the perfect time to score some fast cash and shelf space by unloading your PS5, the peak profit opportunity is right now in 2024 while the silicon shortage keeps availability limited. Follow these best practices and you could pocket between $700 and $850! Good for grabbing an extra game system for the media room or funding a tropical vacation.
Let me know if you have any other questions – happy to help a fellow gamer. Game on!
