Is the $22,233 price on this 2020 Ford Explorer a good deal?

OAV rates this as Overpriced because the asking price of $22,233 is above the typical market range for this vehicle.

What is the average price for a 2020 Ford Explorer in MI?

Based on 1,335 comparable listings in MI, the average asking price for a 2018-2022 Ford Explorer is $23,880, with prices ranging from $6,995 to $46,913.

How long does a 2020 Ford Explorer typically stay on dealer lots?

Comparable Ford Explorer listings in MI spend an average of 53 days on dealer lots.

Where is this 2020 Ford Explorer located?

This vehicle is listed in Traverse City, MI 49684. VIN: 1FM5K8GC0LGB59851. Mileage: 110,677 miles.

What is the fair market price range for this 2020 Ford Explorer?

OAV's Price-to-Market analysis estimates the fair market range is $18,988 to $19,268, based on 12 comparable vehicles.

Vehicle Details

VIN1FM5K8GC0LGB59851

TrimST

Exterior ColorBlack

Drivetrain4WD

Engine3.0L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot29

Days on Market270

2020 Ford Explorer

Overpriced

$22,233110,677 miles

Traverse City, MI 49684

Market price position

Lowest comparable ($)

18,988

Highest comparable ($)

19,268

This vehicle's price ($)

22,233

$22,233 · $2,965 above market high

$18,988 – $19,268 comparable

Regional range: $18,988 – $19,268
vs. market high: + $2,965 (15% above)
Comparable vehicles: 12

Demand-Verified· Backed by recent sales data

Similar vehicles recently sold in an estimated 15–71 days.

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges refresh daily.

Local Range$18,988 – $19,268

Regional Range$18,988 – $19,268

Dealer Info

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Traverse City, MI

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About This 2020 Ford Explorer

Listing updated: May 4, 2026

Listed by a franchise dealer in Traverse City, MI · On lot for 29 days · VIN verifiable at NHTSA

This used 2020 Ford Explorer ST is listed at $22,233 by a franchise dealer in Traverse City, MI 49684. It has 110,677 miles on the odometer. The exterior color is Black. It features a 4WD drivetrain with a 3.0L V6 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Overpriced — priced above market value. Based on 12 similar vehicles in the Traverse City market, the estimated market range is $18,988 to $19,268. The local market range in MI is $18,988 to $19,268.

This vehicle has been on the lot for 29 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

How this deal is rated

OAV compares this 2020 Ford Explorer against similar vehicles currently available in the local and regional market — same make, model, and year range, filtered for comparable mileage. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

This rating refreshes daily as inventory enters and leaves the market. The dealer on this listing has not yet activated on OAV, so the business name and contact details are anonymized here. Activated (paying) dealers appear with their verified business name and a Verified badge.

How this listing is verified

This vehicle listing was aggregated from a franchise dealer in Traverse City, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1FM5K8GC0LGB59851 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is refreshed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2020 Ford Explorer Market in MI

Comparable Vehicles

1,335

Average Price

$23,880

Price Range

$6,995–$46,913

Avg Days on Lot

Based on 1,335 comparable 2018-2022 Ford Explorer listings in MI, the average asking price is $23,880. This listing at $22,233 is $1,647 below average (7% below market). Comparable prices in MI range from $6,995 to $46,913. Similar vehicles spend an average of 53 days on dealer lots in this market.