How Much is an iPhone 16 Worth? (Resale & Trade-in Value)
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Learn about our editorial process
Learn about our editorial process
Compare Today's iPhone 16 Resale Values
- Discover how much is an iPhone 16 worth today.
- By comparing trade-in offers using BankMyCell’s price comparison tool, you can avoid losing $845.00 when you sell your iPhone 16.
- See how quickly the iPhone 16 price drops. It’s ideal to sell it as soon as possible to get the best offers.
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| TODAY'S BEST iPhone 16 Trade-in Values | |||||
|---|---|---|---|---|---|
| Device | New/Boxed | Good | Cracked | ||
| iPhone 16 Pro Max | $1150.00 | $961.00 | $635.00 | Compare | |
| iPhone 16 Pro | $1045.00 | $881.00 | $450.00 | Compare | |
| iPhone 16 Plus | $808.00 | $711.00 | $341.00 | Compare | |
| iPhone 16 | $662.00 | $576.00 | $350.00 | Compare | |
| iPhone 16e | $510.00 | $382.00 | $213.00 | Compare | |
| * Best market prices updated July 27th 2025 | |||||
Knowing how much is an iPhone 16 worth allows you to plan for upgrades, maximize its value, and avoid lowball offers. By understanding factors like condition, storage capacity, and carrier status, you can compare trade-in options and secure the best deal.
Learn how to get the highest offer and avoid losing money when selling your device.
How Much is an iPhone 16 Worth?
Today’s Used iPhone 16 Pro Max Market Value Breakdown:
Today, the highest iPhone 16 Pro Max resale price is $1150.00 across the trade-in market according to BankMyCell’s comparison data. The average resale price stands at $794.82, while the lowest drops to $305.00 if you skip comparing buyback stores. Using price comparison tools helps maximize your Pro Max’s trade-in value.
| TODAY's LIVE iPhone 16 Pro Max Resale Market Prices | |||||
|---|---|---|---|---|---|
| Merchant | 256GB | 512GB | 1TB | ||
| Sell Locked | $860.00 | $1030.00 | $1150.00 | Compare | |
| BuyBack Boss | $873.00 | $985.00 | $1050.00 | Compare | |
| GadgetGone | $873.00 | $985.00 | $1050.00 | Compare | |
| Cell Tech | $836.00 | $945.00 | $1036.00 | Compare | |
| BuyBackWorld | $835.00 | $935.00 | $1035.00 | Compare | |
| Save Gadget | $825.00 | $932.00 | $991.00 | Compare | |
| GadgetPickup | $817.00 | $922.00 | $982.00 | Compare | |
| The Whiz Cells | $790.00 | $900.00 | $980.00 | Compare | |
| ItsWorthMore | $800.00 | $900.00 | $965.00 | Compare | |
| SmartphonesPLUS | $703.00 | $756.00 | $871.00 | Compare | |
| Tronics Pay | $600.00 | $700.00 | $800.00 | Compare | |
| Gadget Trader | $305.00 | $305.00 | $305.00 | Compare | |
| * Best market prices updated July 27th 2025 | |||||
Today’s Used iPhone 16 Pro Market Value Breakdown:
Today, the highest iPhone 16 Pro resale price is $1045.00 when evaluating the trade-in market through BankMyCell. The average resale price reaches $690.91, though values can plummet to $205.00 without comparing buyback stores. Shopping around using comparison tools ensures the best trade-in return.
| TODAY's LIVE iPhone 16 Pro Resale Market Prices | ||||||
|---|---|---|---|---|---|---|
| Merchant | 128GB | 256GB | 512GB | 1TB | ||
| Sell Locked | $665.00 | $775.00 | $925.00 | $1045.00 | Compare | |
| BuyBack Boss | $681.00 | $768.00 | $865.00 | $984.00 | Compare | |
| GadgetGone | $681.00 | $768.00 | $865.00 | $984.00 | Compare | |
| Cell Tech | $718.00 | $805.00 | $851.00 | $940.00 | Compare | |
| Save Gadget | $638.00 | $719.00 | $810.00 | $921.00 | Compare | |
| The Whiz Cells | $620.00 | $670.00 | $800.00 | $910.00 | Compare | |
| BuyBackWorld | $660.00 | $710.00 | $800.00 | $850.00 | Compare | |
| GadgetPickup | $632.00 | $712.00 | $802.00 | $836.00 | Compare | |
| ItsWorthMore | $620.00 | $700.00 | $790.00 | $820.00 | Compare | |
| SmartphonesPLUS | $572.00 | $624.00 | $666.00 | $769.00 | Compare | |
| Tronics Pay | $500.00 | $550.00 | $650.00 | $750.00 | Compare | |
| Gadget Trader | $205.00 | $205.00 | $205.00 | $205.00 | Compare | |
| * Best market prices updated July 27th 2025 | ||||||
Today’s Used iPhone 16 Plus Market Value Breakdown:
Today, the highest iPhone 16 Plus resale price is $808.00 in the trade-in market per BankMyCell’s data. The average resale price is $533.36, dropping to just $150.00 without checking multiple buyback stores. Price comparison tools help secure optimal trade-in values for your device.
| TODAY's LIVE iPhone 16 Plus Resale Market Prices | |||||
|---|---|---|---|---|---|
| Merchant | 128GB | 256GB | 512GB | ||
| BuyBack Boss | $611.00 | $688.00 | $808.00 | Compare | |
| GadgetGone | $611.00 | $688.00 | $808.00 | Compare | |
| Save Gadget | $567.00 | $638.00 | $749.00 | Compare | |
| Cell Tech | $603.00 | $670.00 | $745.00 | Compare | |
| The Whiz Cells | $545.00 | $625.00 | $740.00 | Compare | |
| Sell Locked | $480.00 | $620.00 | $705.00 | Compare | |
| BuyBackWorld | $605.00 | $655.00 | $705.00 | Compare | |
| GadgetPickup | $562.00 | $632.00 | $681.00 | Compare | |
| ItsWorthMore | $550.00 | $620.00 | $670.00 | Compare | |
| Tronics Pay | $442.00 | $540.00 | $640.00 | Compare | |
| SmartphonesPLUS | $479.00 | $520.00 | $558.00 | Compare | |
| Gadget Trader | $150.00 | $150.00 | $150.00 | Compare | |
| * Best market prices updated July 27th 2025 | |||||
Today’s Used iPhone 16e Market Value Breakdown:
Today, the highest iPhone 16e resale price is $510.00 throughout the trade-in market on BankMyCell. The average resale price totals $317.70, yet can sink to $290.00 if you don’t compare buyback stores. Using buyback comparison services ensures maximum resale value.
| TODAY's LIVE iPhone 16e Resale Market Prices | |||||
|---|---|---|---|---|---|
| Merchant | 128GB | 256GB | 512GB | ||
| Sell Locked | $350.00 | $440.00 | $510.00 | Compare | |
| Cell Tech | $356.00 | $441.00 | $473.00 | Compare | |
| BuyBack Boss | $331.00 | $420.00 | $469.00 | Compare | |
| GadgetGone | $331.00 | $420.00 | $469.00 | Compare | |
| Save Gadget | $403.00 | $447.00 | Compare | ||
| BuyBackWorld | $355.00 | $395.00 | $435.00 | Compare | |
| GadgetPickup | $302.00 | $371.00 | $427.00 | Compare | |
| The Whiz Cells | $300.00 | $370.00 | $415.00 | Compare | |
| ItsWorthMore | $290.00 | $360.00 | $410.00 | Compare | |
| Tronics Pay | $300.00 | $350.00 | $400.00 | Compare | |
| SmartphonesPLUS | $291.00 | $335.00 | $378.00 | Compare | |
| * Best market prices updated July 27th 2025 | |||||
Today’s Used iPhone 16 Market Value Breakdown:
Today, the highest iPhone 16 resale price is $662.00 based on trade-in market analysis from BankMyCell. The average resale price hits $469.45, but can fall as low as $105.00 when not researching buyback stores. Comparison shopping maximizes your device’s trade-in potential.
| TODAY's LIVE iPhone 16 Resale Market Prices | |||||
|---|---|---|---|---|---|
| Merchant | 128GB | 256GB | 512GB | ||
| BuyBack Boss | $528.00 | $612.00 | $662.00 | Compare | |
| GadgetGone | $528.00 | $612.00 | $662.00 | Compare | |
| Sell Locked | $455.00 | $500.00 | $650.00 | Compare | |
| Cell Tech | $546.00 | $603.00 | $645.00 | Compare | |
| BuyBackWorld | $545.00 | $595.00 | $645.00 | Compare | |
| Save Gadget | $481.00 | $557.00 | $602.00 | Compare | |
| GadgetPickup | $477.00 | $552.00 | $597.00 | Compare | |
| The Whiz Cells | $475.00 | $550.00 | $585.00 | Compare | |
| ItsWorthMore | $465.00 | $535.00 | $585.00 | Compare | |
| Tronics Pay | $400.00 | $450.00 | $550.00 | Compare | |
| SmartphonesPLUS | $404.00 | $434.00 | $470.00 | Compare | |
| Gadget Trader | $105.00 | $105.00 | $105.00 | Compare | |
| * Best market prices updated July 27th 2025 | |||||
How to Maximize iPhone 16 Trade-in Value
Getting the best trade-in or resale value for your iPhone 16 depends on key factors.
Devices just a few months to a year old tend to have excellent trade-in rates. Older models, like those two or three years old, still offer decent returns, but selling your phone sooner helps you get the highest market value.
Here’s how different factors can affect your iPhone 16’s trade-in value:
Storage capacity: Larger storage options get higher offers since they provide more room for apps, photos, and other data. Here are the storage options for the different models:
- iPhone 16, iPhone 16e and iPhone 16 Plus – 128GB, 256GB, and 512GB.
- iPhone 16 Pro – 128GB, 256GB, 512GB, and 1TB.
- iPhone 16 Pro Max – 256GB, 512GB, and 1TB.
Condition: The physical and functional state of your device plays a big role in determining its resale value.
- Flawless or good condition – These devices get the highest offers, even if they have minor cosmetic issues.
- Damaged or faulty devices – While the trade-in value will drop, you can still sell a damaged or broken phone to offset the cost of an upgrade.
Carrier lock: Unlocked phones appeal more to buyers, increasing their resale value.
- Unlocked devices – they hold the most value than those tied to a specific carrier.
- Carrier-locked iPhones (e.g., Verizon, AT&T, T-Mobile) – you can still sell if your phone is locked to a carrier, but expect to receive less than unlocked ones.
Payment options: Trade-in programs typically offer multiple payout methods, such as:
- Cash or direct deposit – It is often the most versatile and valuable option, giving you more freedom to use the money.
- Store credits – Apple and carrier trade-ins often only offer store credit, which can limit your spending options.
To maximize your iPhone 16’s value, sell early, ensure it’s in good condition, and look for offers from buyback retailers offering flexible payment options. If your device is unlocked and has higher storage capacity, you can expect top-dollar payouts.
Condition Quotes: iPhone 16 Best Used Price
| Device | New/Boxed | Good | Cracked | Faulty | ||
|---|---|---|---|---|---|---|
| iPhone 16 Pro Max | $1150.00 | $961.00 | $635.00 | $430.00 | Compare | |
| iPhone 16 Pro | $1045.00 | $881.00 | $450.00 | $440.00 | Compare | |
| iPhone 16 Plus | $808.00 | $711.00 | $341.00 | $335.00 | Compare | |
| iPhone 16 | $662.00 | $576.00 | $350.00 | $290.00 | Compare | |
| iPhone 16e | $510.00 | $382.00 | $213.00 | $150.00 | Compare | |
| * Best market prices updated July 27th 2025 | ||||||
The condition and storage size of your iPhone 16 are the key factors affecting its resale or trade-in value.
Understanding your phone’s condition can be tricky, but this section breaks down the categories stores use to evaluate your device.
What do the conditions mean?
- Mint: A nearly new device with no visible marks or internal issues. To qualify for the highest trade-in value, the screen must be free of scratches or blemishes, and the phone should function perfectly.
- Good condition: A fully functional iPhone with minor cosmetic issues, like light scratches. All hardware (e.g. buttons and ports) and software must work flawlessly. Features like battery health and operating system performance must also be in top shape for fair value.
- Cracked screen: Cosmetic damage, such as cracks, dents, or broken glass, that doesn’t impact functionality is under this category. The phone also must power on and essential features like buttons and ports should still work.
- Faulty: These devices have severe damage, such as hardware malfunctions, software issues, or ones that don’t power on. Even non-functional iPhones can be traded in, though the resale value will be significantly lower. Damage from drops or water exposure often falls into this category.
By understanding these condition levels, you can determine your iPhone 16’s worth and make the most of its resale value.
Resale Market Comparison: Best iPhone 16 Trade-in Value Options
The iPhone 16 series boasts cutting-edge features, making it a standout in the market. Apple introduces Camera Control, letting you quickly adjust settings like exposure, depth of field, and zoom with a simple swipe, and Apple Intelligence, which makes writing and task management seamless.
The iPhone 16, 16e and 16 Plus feature aluminum designs with up to 512GB storage, while the Pro models offer titanium builds with storage options extending to 1TB.
When trading in your iPhone 16, it’s important to explore all available options to ensure you get the best resale market value. Different trade-in methods vary in convenience, payout, and effort required:
By comparing trade-in options, you can avoid low offers and secure the best value for your device. BankMyCell makes it easy to view trade-in offers from trusted buyers, saving time and helping you earn more for your iPhone 16.
Carrier: How It Impacts Your iPhone 16 Resale Value
| Device | Unlocked | Verizon | AT&T | T-Mobile | ||
|---|---|---|---|---|---|---|
| iPhone 16 Pro Max | $1150.00 | $888.00 | $890.00 | $992.00 | Compare | |
| iPhone 16 Pro | $1045.00 | $801.00 | $800.00 | $875.00 | Compare | |
| iPhone 16 Plus | $808.00 | $615.00 | $615.00 | $656.00 | Compare | |
| iPhone 16 | $662.00 | $556.00 | $555.00 | $593.00 | Compare | |
| iPhone 16e | $510.00 | $386.00 | $386.00 | $393.00 | Compare | |
| * Best market prices updated July 27th 2025 | ||||||
One of the factors that influence the iPhone 16 price when you resell or trade it in is whether it’s locked to a carrier or unlocked. Unlocked devices, free from carrier restrictions, typically get higher offers from buyers.
While trade-in offers for carrier-locked iPhones are usually lower. This applies to devices locked to Verizon, AT&T, T-Mobile, and many more.
If your iPhone 16 is still locked, removing the carrier lock before selling can significantly increase its value and attract more buyers.
How Quickly Your iPhone 16 Loses Value
- The starting price of iPhone 16 is $799 to $1,099 depending on the storage space.
- The starting price of iPhone 16e is $599 to $899 depending on the storage space.
- The starting price of the iPhone 16 Plus is $899 to $1,199 depending on the storage space.
- The starting price of the iPhone 16 Pro is $999 to $1,499 depending on the storage space.
- The starting price of the iPhone 16 Pro Max is $1,199 to $1,599 depending on the storage space.
Like any electronic device, the value of the iPhone 16 models decline over time. Its worth decreases significantly within 0–3 months after a new iPhone model hits the market. To secure the highest return, sell your device as soon as you decide to upgrade or buy a new one.
Lock in Today’s Rates with BankMyCell
BankMyCell lets you freeze today’s market prices while you look around for offers. Depending on the store, you can lock in offers for 7 to 31 days with no obligations or risk of price drops.
Our comparison system makes selling your iPhone simple and hassle-free:
- Utilize our comparison tool to see how much you can sell your iPhone 16.
- Choose and ship your phone for FREE to any of our buyers.
- If a buyer disputes the condition or specifications and offers less, we’ll return your iPhone to you at no cost with no strings attached.
Feel confident in your iPhone 16’s value by using our damage descriptions to list your device accurately. If any issues arise, you can always get your phone back for free.
On average, Apple devices follow this 4-year resale value drop:
- Year 1 avg. resale value drop: 16.70%
- Year 2 avg. resale value drop: 35.47%
- Year 3 avg. resale value drop: 57.16%
- Year 4 avg. resale value drop: 66.43%
Selling Financed, iCloud-locked, or Blacklisted iPhone
Can You Sell an iPhone 16 if You Still Owe Money?
YES, you can sell an iPhone 16 even if you still owe money. Selling the device doesn’t cancel your responsibility to pay the remaining balance. To avoid future issues, you’ll need to continue making your monthly payments until the balance is fully paid.
However, selling your device can help you cover the outstanding payments. Depending on your iPhone 16’s resale value, you may have enough to upgrade or purchase a new device.
Curious about how much your iPhone 16 is worthwhile if it’s still under contract? Use our quote generator to find out.
Can You Sell an iCloud-locked iPhone 16 if You Forgot the Password?
YES, you can still sell an iCloud-locked iPhone 16 to our verified buyers. Forgetting a password happens to the best of us, but it doesn’t mean your device is worthless.
Many buyback stores are willing to purchase iCloud-locked devices. But expect a lower price than unlocked ones. To complete the sale, you’ll need to provide proof that you are the legal owner of the phone, allowing the buyer to unlock it.
To find offers for your iCloud-locked device, select the Activation Locked filter under locked status and get the best rates available.
Can You Sell a Blacklisted iPhone 16 with a Bad ESN?
YES, you can sell a blacklisted iPhone 16 to select buyback stores on our platform. Devices are typically blacklisted if payments are missed with your carrier. While this can affect the resale value, it doesn’t mean it’s not possible to sell your phone.
In some cases, you can contact your carrier and pay off the outstanding balance to remove your device from the blacklist. If this isn’t an option, you can still sell the phone through our platform.
While private buyers may avoid blacklisted devices, many of our verified buyback stores are willing to purchase them at fair rates if you can provide proof of ownership.
Use BankMyCell to compare offers for blacklisted or bad ESN devices and find the best available quotes
