Best iPhone 7 Used Price: How Much is an iPhone 7 Worth Now? (Mar 2023)
Compare Your iPhone 7 Resale Values
Nearly 17% of all iPhone users are still using the iPhone 7. This model saw many upgrades from Apple and the 3.5 mm headphone jack’s departure, making the device sleeker than ever.
Most online buyback stores don’t want you to know that there is still a demand for pre-owned iPhones, even those that are over a generation old.
To get you the most out of your pre-owned device, we put together pricing daily to compare the highest online buyback store prices. If your phone is in good condition, you could turn it into cash.
How Much Is an iPhone 7 Plus Worth?
Today's Used iPhone 7 Market Value Breakdown:
The average resale or trade-in value of a used iPhone 7 is $38.00, with prices ranging between $20.00 and $50.00 from the best buyback stores.
|iPhone 7 Plus Resale Market Prices|
|The Whiz Cells||$55.00||$65.00||$70.00||Compare|
|* Best market prices updated March 23rd 2023|
How Much Is an iPhone 7 Worth?
Today's Used iPhone 7 Plus Market Value Breakdown:
While a used iPhone 7 Plus is worth anywhere between $10.00 and $96.00 in today’s resale market, giving it an average resale value of $66.56, the release date of the iPhone 7 was September 2016, and for its age, the phone still holds a reasonable value.
|iPhone 7 Resale Market Prices|
|* Best market prices updated March 23rd 2023|
Various factors can determine an iPhone 7/7 Plus value, though. How much storage the phone has, whether the phone is in good working and cosmetic condition, and whether or not the phone has a carrier lock are all considerations you need to make when calculating the trade-in value of the iPhone 7/7 Plus:
- Storage size: The iPhone 7/7 Plus comes with either 32 GB, 128 GB, or 256 GB of storage.
- Condition: You can sell your phone regardless of its condition; however, it will affect the price.
- Carrier: If you bought your phone from a carrier, its resale value would differ depending on the carrier, which differs from a phone purchased outright and unlocked.
- Payment: Most online companies use PayPal, direct deposit, or checks, but in-store trade-ins may only offer store credit as payment, which is often lower than cash offers.
When you trust our comparison service to find you the best iPhone 7/7 Plus price used, you don’t have to run the risks associated with selling the phone yourself. We provide you with all the details you need to make an informed decision – without the scammers and pirates!
Your iPhone 7 or 7 Plus’s storage capacity will play a significant role in how much money you will be able to make from your sale. Units with 256 GB capacity will sell for much more than those with only 32 GB of storage.
Additionally, the device’s wear and tear is another major determining factor when calculating the best iPhone 7/7 Plus selling price.
What do the conditions mean?
- Mint condition: devices with no cosmetic wear and fully-functioning software will fetch the highest prices.
- Good condition: meaning the phone has some minor scratches or blemishes but no software issues.
- Cracked screen or case: Broken iPhone 7 screen or casing of the phone, no problem!
- Faulty condition: These have hardware damage, software issues, or both. You won’t get nearly as much for faulty or cracked phones, but you can still sell them.
You don’t have to know every technical detail about your iPhone to get the best selling price. With just the condition, carrier, and storage size, you can get a good insight into your phone’s worth, and we help make it easy for you.
When you sell your phone on your own without doing proper research, you can miss out by accepting an offer lower than your iPhone 7/7 Plus’s actual market value. The large 5.5” display and 12 MP camera make this a perfect device for anyone that doesn’t need the most modern features.
With up to 256 GB of storage, the potential of your iPhone 7/7 Plus used price strikes the balance of a great deal for you and your buyer. However, you only get the best deal when you compare market prices with tools like our calculator.
As a rule of thumb:
Insider Tip: Watch out for seller fees. What looks like a better deal can quickly disappear when sites like eBay charge you 10%. Swappa offers the lowest rates if you want to go down that route.
You can use our free calculator to compare the daily market value of your iPhone 7/7 Plus. So, you can know the market value and avoid the risks and fees associated with meeting strangers from Craigslist or selling on eBay.
With hassle-free comparison, you can get more for your old tech with zero effort.
You’ve probably noticed when purchasing an iPhone that there is an option to buy unlocked versions. These unlocked phones are typically much more expensive because they have no ties to a specific carrier. That means that customers can use unlocked iPhones on any network.
Customers of T-Mobile, Verizon, and AT&T may not know that your phones no longer have a lock to the carrier after 60 days of purchase. So if you bought an iPhone 7/7 Plus new on its release date, your phone is well past the 60-day lock period.
Below, you can view the breakdown of today’s iPhone 7/7 Plus price, with various storage capacities:
Today’s used iPhone 7 Plus value breakdown:
- Carrier Unlocked trade-ins are worth $10.00 to $96.00 on average. The top resale price you’ll get is $85.00 for 32GB, $91.00 for 128GB, and $96.00 for 256GB.
- Verizon carrier lock trade-ins are worth $10.00 to $96.00 on average. The top resale price you’ll get is $85.00 for 32GB, $91.00 for 128GB, and $96.00 for 256GB.
- AT&T carrier lock trade-ins are worth $5.00 to $85.00 on average. The top resale price you’ll get is $74.00 for 32GB, $80.00 for 128GB, and $85.00 for 256GB.
- T-Mobile/Sprint carrier lock trade-ins are worth $5.00 to $68.00 on average. The top resale price you’ll get is $57.00 for 32GB, $63.00 for 128GB, and $68.00 for 256GB.
So, what is an iPhone 7/7 Plus worth? The market value for every model is different. Even between models, other elements play their part in determining the phone’s current price on the pre-owned market. Use our comparison service to find the actual value of your device.
How Quickly Your Used iPhone 7 Price Drops
When first released in September 2016 in the US, the entry-level iPhone 7 retailed for $649 and $769 for the 7 Plus model. It shouldn’t come as a surprise that the value of an iPhone can quickly drop when Apple announces a new product.
Obviously, older models’ prices will fall after the release of a new iPhone model.
During the first 4 years after release, the iPhone 7 lost between 16.70% to 33.62% of its trade-in value every 12 months (on average).
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%
But if you are looking to trade, some stores lock prices when you place a trade-in order. When you get this price, they freeze it for up to 31 days, allowing you to shop around for even better deals at your convenience.
When you use our comparison service to know the value of an iPhone 7/7 Plus, shipping is free from all stores. It’s pretty risk-free, too. If your phone has a lower value than you anticipated (e.g., something is broken, or it has water damage), the buyback stores ship the phone back to you for free, too.
Check out today’s offers from top-rated stores around the country:
Selling Financed, iCloud-locked, Blacklisted iPhone 7
Can you sell an iPhone 7 if you still owe money?
Yes, you can sell an iPhone that you have not fully paid off. However, you should be aware that you will still have to make payments for the amount owed. That’s the credit agreement you signed up for. Selling your financed iPhone 8 will give you the cash, which you can use towards making these payments or anything else like an upgrade if you want.
If you want to sell iPhone 7 with money owed, get a quote here:
Can you sell iCloud-locked iPhone 7’s if you forgot the password?
Yes, you can legally sell your locked iPhone even if you don’t know the password. You can’t just sell to carriers, stores, or private buyers, as they’ll be overly cautious or won’t buy it at all. So it’s best to contact Apple and get your username and password recovered. If that’s not an option, we’ve listed trusted stores in the link below to buy password / iCloud locked devices. This is the most straightforward option.
If you want to sell iCloud locked 7, get a quote here:
Can you sell blacklisted iPhone 7’s with bad ESN’s?
Though it may come as a surprise, you can sell phones with blacklist status or bad ESN’s (Electronic Serial Numbers). Like locked phones, the market for these kinds of phones is relatively slim, but there are trusted specialist stores that will buy them (providing you own the device). We’ve listed them here in the link below.
If you want to sell a blacklisted or bad ESN iPhone 7, get a quote here:
Conclusion: Getting the Most Money for Your Old iPhone 7
If you want to get the most money for your old device, trust our comparison service. When you know your phone’s actual value, you might even make more than you thought you could. Compare daily market values and save your time on research and ad creation.
With online auction services, you can incur fees when you post a listing. And meeting strangers from the Internet for a Craigslist deal can just feel downright weird or unsafe. You can save yourself the trouble and potential risk when you compare models similar to your iPhone 7 that are also one sale.
Don’t go through the trouble of trading up with your carrier or searching online for how much a used iPhone 7/7 Plus is worth. Finding the actual market value of your iPhone 7 online gets you the most money possible for your pre-owned device.