How Much is an Apple Watch Series 5 Worth Now? Best Apple Watch Series 5 Used Prices (Oct 2022)

Compare Your Apple Watch Series 5 Resale Values

You are here:

How Much is my Apple Watch Series 5 Worth?

TODAY'S BEST Apple Watch Series 5 Trade-in Values
DeviceMintGoodCracked
Watch Series 5$143.00$125.00$11.70Compare
Watch Nike Series 5$107.00$104.00$9.90Compare
* Best market prices updated October 1st 2022

Today's Used Apple Watch Series 5 Market Price Breakdown

The average market or trade-in value of an Apple Watch Series 5 is $117.00, with prices ranging from $117.00 to $117.00 from the best buyback stores.

Compare Apple Watch Series 5 Values
Apple Watch Series 5 Resale Market Prices
Merchant40mm44mm
SmartphonesPLUS$143.00$114.00Compare
Decluttr$115.00$117.00Compare
GadgetPickup$112.00$117.00Compare
GadgetGone$72.00$76.00Compare
ItsWorthMore$60.00$65.00Compare
Save Gadget$9.00$9.00Compare
* Best market prices updated October 1st 2022

When the device debuted in late 2019, the new watch offered improved capabilities such as an always-on retina display, emergency services, GPS cellular connectivity, and built-in navigation. While the product initially cost $399 for non-cellular models and $499 for cellular models, your device could still be well worth a resale nearly three years later.

The Series 5 was the first model to introduce an always-on retina display and built-in navigation, allowing it to stay competitive in the resale and trade-in market. Nevertheless, considering the age of this model, it is a great idea to consider resale or trade-in early to get a better deal.

Each Apple Watch will have a different resale value based on certain conditions. You might be looking at your device and wondering, “How much is my Apple Watch Series 5 worth?” While there’s no simple answer, it’s crucial to know the exact specifications of your device so that you can sell it or trade it in for a better price.

Several factors will impact an Apple Watch Series 5 used price, including:

Connectivity:

A watch that connects to GPS cellular networks will receive a higher price during trade-in. New Apple Watches in this series offered two connectivity options:

  • GPS (Wi-Fi Only)
  • GPS + Cellular

Watch Size

The Series 5’s selling price is higher for the 44mm devices. This device comes in two different sizes:

  • 44mm
  • 40mm

Watch Case Material (Style):

Another factor impacting the price is the material of your watch case. Each finish will impact a used Apple Watch Series 5 price differently. Apple Watches offer finishes made of:

  • Aluminum
  • Stainless steel
  • Ceramic
  • Titanium

Condition

Make sure to clean up your device and have it in the best possible condition for resale or trade-in. Your device’s condition will play a significant role in determining its trade-in value. Online buyback stores classify devices as:

  • Mint or Flawless
  • Good
  • Cracked
  • Faulty

Payment Options

Your choice of payment will impact the worth of an Apple Watch. Examples are direct-to-consumer forms of payment like:

  • Direct Deposit
  • Check
  • PayPal

Most trade-ins will only offer store credit for your device or an Apple gift card, which is more limiting. Some stores will offer a higher price if you choose store credit over cash.

  • If the watch is in good condition and you’re ready for a change, make sure that you also check the mode of payment where you can get the most cash.

Condition Quotes: Apple Watch Series 5 Best Used Price

The trade-in value of your Apple Watch depends on the watch size, condition, and other factors like GPS cellular connectivity. Understanding how size affects the resale price is simple: the larger watches will sell for more.

The condition of your watch is one of the biggest factors to impact the purchase price of your watch.

DeviceMintGoodCrackedFaulty
Watch Series 5$143.00$125.00$11.70$16.00Compare
Watch Nike Series 5$107.00$104.00$9.90$9.90Compare
* Best market prices updated October 1st 2022

Be careful about trying to sell a broken Apple Watch, iPhone, or another device. While the condition of your device will impact its trade-in value, you should still consider where to sell it. Online buyback sites and private marketplaces like direct-to-consumer sales or auctions might offer better prices and direct payments for devices in good condition. Carriers and the Apple store might only offer you store credit.

Online buyback sites are more flexible with receiving varying kinds of conditions of the Apple Watch Series 5.

Despite your device’s faulty or good condition, delaying will likely decrease your device’s resale or trade-in values, so don’t wait to sell.

What do the conditions mean?

  • Mint Condition: Used but is in good shape and functions as originally intended, no marks or scratches, appear brand new and fresh-out-of-the-box
  • Good Condition: Used but functions as originally intended, might have minor scratches or marks, no significant damage to hardware or software
  • Cracked Screen or Case/Damaged Condition: The device has a cracked screen or case but still works as intended
  • Faulty Condition: The device doesn’t power on or has major software issues such as freezing and crashing, significant cosmetic damage, unusable buttons, or water-damaged

Resale Market Comparison: Best Apple Watch Series 5 Trade-in Values

DeviceMax PriceMin PriceDifference
Watch Series 5$143.00$3.00+$140Compare
Watch Nike Series 5$107.00$5.00+$102Compare
* Best market prices updated October 1st 2022

The table above illustrates how much you can miss by not understanding your device’s specs and picking the wrong quote.

When this model was first released, it provided a significant upgrade from previous models. The always-on retina feature allowed the stainless steel or aluminum watch to function more like a non-smartwatch.

It also came with many new, attractive features like built-in navigation, international emergency calling, and a new software suite that tracked increased fitness and health data, making it a top seller.

Prepare Your Apple Watch for Sale

Although it is not necessarily a good time to sell an old Apple Watch according to anticipated demand or current stock prices, they can differ when reselling.

To increase your Apple Watch worth:

  1. Restore your watch to good condition by removing dust, oil, and other residues.
  2. Consider changing your band.
  3. Remember to back-up important data.
  4. Remember to unpair your watch with your iPhone.
  5. Remove your Apple ID.
  6. Restore original factory settings like any watch apps initially installed.

Cleaning and resetting your watch and each watch app will likely increase the trade-in value and simplify the selling process.

If you’re in the process of trying to sell Apple Watches, various buyback companies, private sites, and retailers will pay cash for your old device. However, it’s essential to find different deals and prices to understand their differences.

Different Types of Buyers Include:

In-store:

Amazon, Apple Store, EcoATM, BestBuy, and GameStop are places that accept trade-ins. These buyers typically offer lower prices than online buyback stores that also accept a used watch, iPhone, and other electronics or Apple products.

Many buyers pay less and only provide store credit or an Apple gift card. Therefore, before opting for these stores, you should look into other places first. Online buyback companies and marketplaces offer higher prices.

Carriers:

Examples of carriers are Verizon and AT&T. While carrier services often pay less for used devices, they will sometimes offer a trade-in for a new device at a significant discount.

Deals like these might be the perfect option for customers planning to upgrade an old device.

User-to-User Marketplaces:

Some examples are eBay, Swappa, Craigslist, and Facebook Marketplace. User-to-user marketplaces give you increased autonomy over price. But there’s no guarantee that someone will purchase your Apple Watch on these sites.

Additionally, it’s common for these sites to involve service fees, shipping costs, or in-person delivery requirements to sell your device on a site. Some, however, offer a prepaid shipping label that can minimize these costs.

GPS + Cellular How it Impacts Your Apple Watch Series 5 Resale Value

DeviceGPS + CelluarGPS
Watch Series 5$143.00$114.00Compare
Watch Nike Series 5$107.00$99.00Compare
* Best market prices updated October 1st 2022

Another feature of your Apple Watch that will significantly impact its price is the level of connectivity. Apple Watches with GPS cellular internet connectivity sell for higher prices than those that connect only to GPS.

While a watch with only GPS internet connectivity can still use cellular data when your iPhone is near, watches with cellular connectivity function like a phone. Hence, there is a fair price difference between the two types of connectivity.

Regardless of connectivity type, ensure all your carrier finance payments are complete before selling if you haven’t completely paid for them when you first purchased your device.

Unpaid carrier bills can complicate the resale or trade-in process. If your payments are complete and you know your device’s connectivity, it’s much easier to sell it today.

How Quickly Your Apple Watch Series 5 Loses Value:

The Apple Watch Series 5 was released in the US in 2019 for $399 for those with GPS-only connectivity. The GPS + Cellular model was released in September 2019 for $499, now the highest price you can get is $117.00.

Apple Watches tend to lose value quickly because Apple frequently releases new models with upgraded features. During each market year, an Apple device loses approximately 16.70% to 33.62% of its trade-in value.

The resale price typically drops dramatically in the three months following a new Apple Watch release. Apple releases most of its new products in the fall, so it’s better to sell earlier.

There are flexible trading options if you’re not entirely ready to sell your old Apple Watch or iPhone. For most stores on our website, you can freeze prices for seven to 31 days without sending the device.

Additionally, many buyers will return your device for free if they find issues in product testing and receive a lower price than initially offered.

With so many flexible options, reselling your device should be a hassle-free experience.

Compare Apple Watch Series 5 Prices

Conclusion: How Much Is a Used Apple Watch Series 5 Worth

Evaluate the condition of your watch

Since the value of your used Apple Watch depends on factors like its connectivity, condition, and where you sell it, it’s worth comparing different resale quotes.

We gather the highest prices from various marketplaces for used electronics so you can save time and find the best used Apple Watch Series 5 price.

Go to carriers if you want to upgrade

Consider asking your carrier (e.g., Verizon, AT&T) about trade-in options if you want to purchase a brand-new watch or iPhone. Apple also offers buybacks that might be attractive when upgrading devices.

However, their trade-in values are often lower than at our hand-picked stores.

Marketplaces have high extra fees

If you want to sell through a user-to-user marketplace, you can create an auction on eBay or Swappa. Be aware of extra fees and mail-in policies, as you can quickly lose out on better prices. For example, eBay typically charges 10%, while Swappa has more reasonable rates.

The selling process is also more time-consuming on your end as a seller.

With our collection of trade-in resources and price comparisons, you’ll save time and frustration in the process of finding the best price for your iPhone, watch, or another device.

Compare prices on BankMyCell

We’ve compared various trading and selling options to help you find the best deal if you’re interested in trading your watch or iPhone for an upgrade.

At BankMyCell, our site helps customers sell their old Apple Watch, iPhone, and other devices by working hard to gather the top deals and highest trade-in value from trusted buyback stores.

Whether you have an old iPhone, a new Apple Watch Series 6, or another device, we can help you find the best prices for free. Get started today!

How Much is an Apple Watch Series 5 Worth Now? Best Apple Watch Series 5 Used Prices (Oct 2022)