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What Are Used PS5 Selling For? A Comprehensive Guide to Resale Values

Used PlayStation 5 (PS5) consoles are a hot commodity, and understanding their resale value is crucial whether you’re looking to sell your console or snag one at a discount. The price of a used PS5 varies depending on several factors, but generally, you can expect to find used PS5 consoles selling for between $300 and $450. However, this is a broad range, and the actual selling price depends on the specific model, condition, included accessories, and current market demand. Let’s delve deeper into the specifics.

Factors Influencing Used PS5 Prices

Several factors influence the price of a used PS5. Paying attention to these aspects will help you determine a fair price, whether you’re buying or selling.

Model Type: Disc vs. Digital

The primary factor affecting price is whether it’s the standard PS5 with a disc drive or the PS5 Digital Edition. The disc version typically commands a higher price due to its ability to play physical games and Blu-ray discs. The Digital Edition, being disc-less, usually sells for less. Expect to pay $50-$100 more for the disc version on the used market.

Condition of the Console

The condition of the PS5 directly impacts its value. A console in excellent condition with no scratches, dents, or other cosmetic damage will fetch a higher price than one that shows signs of wear and tear. “Like new” consoles, often barely used and still in their original packaging, can sell for nearly the price of a new one. Thoroughly inspect the console for any physical damage before buying or selling.

Included Accessories and Packaging

The inclusion of original accessories like the DualSense controller, HDMI cable, power cord, and original packaging significantly affects the price. Consoles with all original accessories and packaging generally command a premium. Missing accessories will detract from the value, as buyers will need to purchase replacements.

Storage Capacity and Bundles

While most PS5s come with the standard 825GB SSD, some sellers might have upgraded the internal storage. A console with increased storage capacity (e.g., 1TB or 2TB) will be more attractive to buyers and therefore worth more. Also, if the PS5 is sold as part of a bundle including games or extra controllers, the overall price will be higher. Consider the value of these additional items when assessing the overall price.

Market Demand and Availability

Market demand and availability play a crucial role in pricing. During periods of high demand and low supply (which was prevalent in the early years after the PS5’s launch), prices often surged well above MSRP. While availability has improved, spikes in demand around holidays or new game releases can still impact prices. Checking current listings on online marketplaces can give you a real-time snapshot of market conditions.

Seller Reputation and Platform

The platform where you’re buying or selling also influences the price. Reputable sellers on platforms like eBay or Swappa, with positive feedback, can often command higher prices. Platforms with buyer protection policies also provide added security, which justifies a slightly higher price. Local marketplaces like Facebook Marketplace or Craigslist may offer lower prices but often come with increased risk.

Where to Buy and Sell Used PS5s

Several platforms are available for buying and selling used PS5 consoles:

eBay: A popular online marketplace with a wide selection of PS5 consoles. Buyer protection policies offer some security.
Swappa: Known for its focus on electronics, Swappa requires sellers to provide accurate descriptions and photos.
Facebook Marketplace: A local option with potential for good deals, but requires caution and in-person inspection.
Craigslist: Similar to Facebook Marketplace, offering local deals but with higher risk.
GameStop (Trade-In): Offers trade-in credit or cash for used consoles, but the value is generally lower than selling privately.

Tips for Buying a Used PS5

Inspect thoroughly: Check for physical damage, test all ports, and verify that the console powers on and runs games smoothly.
Ask questions: Inquire about the console’s history, including usage, repairs, and any known issues.
Check the controller: Ensure the DualSense controller is functional and in good condition.
Verify account status: Ensure the console is not linked to a banned account.
Use a secure payment method: Opt for payment methods with buyer protection, such as PayPal or credit cards.

Tips for Selling a Used PS5

Clean the console: Thoroughly clean the console and accessories to make them more appealing.
Take high-quality photos: Showcase the console’s condition with clear and well-lit photos.
Write a detailed description: Provide accurate and comprehensive information about the console’s condition, accessories, and any issues.
Set a fair price: Research current market prices and adjust accordingly based on your console’s condition and included accessories.
Offer buyer protection: Consider offering buyer protection through PayPal or other platforms to build trust.
Package securely: Pack the console carefully to prevent damage during shipping.

Frequently Asked Questions (FAQs) About Used PS5 Prices

Here are 15 frequently asked questions about the resale value of used PS5s, designed to provide more detailed insights.

1. Will the price of used PS5s continue to decrease?

The price of used PS5s will likely continue a slow decline as supply stabilizes and new models potentially emerge. However, unexpected spikes in demand, such as during holiday seasons or major game releases, can temporarily halt or even reverse this trend.

2. Is it worth buying a used PS5 instead of a new one?

Whether it’s worth buying a used PS5 depends on the price difference and your risk tolerance. If you can find a well-maintained used console at a significantly lower price than a new one, it can be a good deal. However, factor in the lack of warranty and potential for hidden issues.

3. What is the best time to buy a used PS5?

Historically, the best times to buy electronics, including used consoles, are often after major holidays (like January) or during seasonal sales events (like Black Friday). Keep an eye on price trends and be ready to pounce when you see a good deal.

4. How can I tell if a used PS5 is in good condition?

Thoroughly inspect the console for physical damage, test all ports, ensure the controller is functional, and check the console’s software for any errors. Ask the seller about its history of use and any known issues.

5. What should I do if I encounter a problem with a used PS5 I bought?

If you purchased from a platform with buyer protection, file a claim immediately. If not, attempt to contact the seller to resolve the issue. As a last resort, consider consulting a local console repair shop.

6. Does the color of the PS5 affect its resale value?

Currently, there aren’t different official color variants of the standard PS5 console itself, so color doesn’t directly affect resale value. However, custom skins or aftermarket modifications could influence a niche market, though generally, original condition is preferred.

7. How much more is a PS5 worth with extra controllers?

An extra DualSense controller typically adds around $30-$50 to the overall resale value, depending on its condition.

8. What’s the best way to ship a PS5 to avoid damage?

Use a sturdy box, plenty of bubble wrap, and ensure the console is securely padded on all sides. Consider insuring the package for the full value of the console.

9. Is it better to sell my used PS5 locally or online?

Selling locally can be faster and avoid shipping costs, but online marketplaces offer a wider audience and potentially higher prices. Weigh the pros and cons based on your priorities.

10. How does the remaining warranty affect the price of a used PS5?

If the used PS5 still has some of its original manufacturer’s warranty remaining, it can add value. Buyers are more confident knowing they have recourse in case of issues.

11. What should I do to prepare my PS5 for sale?

Factory reset the console to remove your personal data, clean it thoroughly, and gather all original accessories and packaging. A well-prepared console makes a better impression on potential buyers.

12. Can I sell a PS5 that has been banned from PlayStation Network?

Selling a banned PS5 is significantly more difficult and will drastically reduce its value. Be transparent about the ban in your listing.

13. Are there any specific PS5 games that can increase the value of a bundle?

Including popular and highly rated games, particularly exclusives like “Spider-Man: Miles Morales,” “God of War Ragnarök,” or “Horizon Forbidden West,” can make your bundle more appealing and justify a higher price.

14. What are the risks of buying a used PS5 from an unknown seller?

The risks include receiving a damaged or non-functional console, being scammed, or receiving a console with a banned account. Always exercise caution and use secure payment methods.

15. How often should I check the prices of used PS5s if I’m planning to buy one?

Check prices regularly, especially on different platforms, as price fluctuations occur frequently. Monitoring the market for a week or two can give you a good sense of the average price and identify good deals.

What are used PS5 selling for?