Used 2024 Jeep Grand Cherokee L for Sale nearNewmarket, ON

How much does the 2024 Jeep Grand Cherokee L cost?

Prices have softened 23.81% compared to this time last year, making it a favourable time to shop this model year.

There are 320 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2024 Jeep Grand Cherokee L a good car?

Yes — 5/5 is a strong user rating for the 2024 Jeep Grand Cherokee L. The overview points to a midsize three-row SUV that blends off-road ability, strong towing capacity, and a spacious, luxuriously refined interior, so it suits you if you want family-hauling practicality with a more distinctive, upscale feel than the average crossover. It also sits between the standard Grand Cherokee and the larger Wagoneer models, which helps it cover a useful middle ground for buyers who want space without moving up to a full-size SUV.

With 31.9% of listings marked as good or great deals, there is meaningful market opportunity if you shop carefully.

Is the 2024 Jeep Grand Cherokee L reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The overview suggests a well-equipped and versatile SUV with a broad set of driver-assistance features, which supports confidence in day-to-day use. Its trade-offs are more about refinement and value than basic usefulness, so your long-term ownership risk is more likely to centre on whether the higher running costs and class pricing fit your budget.

Is now a good time to buy a used 2024 Jeep Grand Cherokee L?

It looks like a moderate, selective buyer’s market, so you can be choosy if you’re patient and compare listings carefully.

• Deal availability: 31.9% of listings are priced as good or great deals.
• Inventory: There are 320 listings available.
• Price trend: Prices have softened 23.81% compared with last year.

If you find a listing below $43,054 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Jeep Grand Cherokee L's resale value?

The current average of $43,054 CAD sits slightly below last year's $56,506 CAD.

That price movement suggests the market has already adjusted downward, which can make future depreciation easier to absorb if you buy at the right number. For a future seller, that means your best resale outcome will likely depend on how well you control purchase price today and how cleanly the vehicle is maintained over time. Demand should remain supported by the model’s mix of space, capability, and upscale equipment.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2024 Jeep Grand Cherokee L or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 31.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 23.81% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2023 if:

• At $41,700 CAD, the 2023 costs less than the current year's $43,054 CAD average.
• It offers a polished, comfort-focused three-row SUV with premium materials and strong ride quality.

The bottom line: Choose the 2024 if you want the stronger current-market mix of inventory and pricing momentum, especially if you value the Grand Cherokee L’s upscale family-hauler character. If you’re more price-sensitive, the 2023 is the better value path, especially when you find one with the equipment and condition you want.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.