Is the $22,729 price on this 2016 Toyota Highlander a good deal?

OAV rates this as Overpriced because the asking price of $22,729 is above the typical market range for this vehicle.

What is the average price for a 2016 Toyota Highlander in IN?

Based on 185 comparable listings in IN, the average asking price for a 2014-2018 Toyota Highlander is $19,967, with prices ranging from $7,750 to $33,306.

How long does a 2016 Toyota Highlander typically stay on dealer lots?

Comparable Toyota Highlander listings in IN spend an average of 39 days on dealer lots.

Where is this 2016 Toyota Highlander located?

This vehicle is listed in Merrillville, IN 46410. VIN: 5TDJKRFH8GS320691. Mileage: 88,862 miles.

What is the fair market price range for this 2016 Toyota Highlander?

OAV's Price-to-Market analysis estimates the fair market range is $14,988 to $19,495, based on 15 comparable vehicles.

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Vehicle Details

VIN5TDJKRFH8GS320691

TrimXLE

Exterior ColorGray

Drivetrain4WD

Engine3.5L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot7

2016 Toyota Highlander

XLE

Overpriced

$22,72988,862 mi

Merrillville, IN 46410

Is this 2016 Toyota Highlander XLE a good deal?

OAV verdict: Overpriced

Why: Listed at $22,729, comparable market range $14,988–$19,495, based on 15 comparable listings. Days on lot: 7 days (market average 39 days).

Market price position

$22,729 · $3,234 above market high

$14,988comparable$19,495

Regional range: $14,988 – $19,495
vs. market high: + $3,234 (17% above)
Comparable vehicles: 15

Market Retail Price (MRP™)

$17,242

This vehicle $22,729 · $5,487 (32%) above MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$21,394

This vehicle $22,729 · $1,335 (6%) above TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-15) — an estimate, not an appraisal. How TRV works.

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 10–32 days.

What does Demand-Verified mean?

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$17,801 – $17,801

Regional Range$14,988 – $19,495

Shaver Preferred Motors

Merrillville, IN

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from shaver preferred motors →

Request availability and out-the-door price

OAV will route your inquiry to Shaver Preferred Motors for current availability of this 2016 Toyota Highlander XLE and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2016 Toyota Highlander

Listing updated: Jul 15, 2026

Listed by an independent dealer in Merrillville, IN · On lot for 7 days · VIN verifiable at NHTSA

This used 2016 Toyota Highlander XLE is listed at $22,729 by shaver preferred motors in Merrillville, IN 46410. It has 88,862 miles on the odometer. The exterior color is Gray. It features a 4WD drivetrain with a 3.5L V6 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Overpriced — priced above market value. Based on 15 similar vehicles in the Merrillville market, the estimated market range is $14,988 to $19,495. The local market range in IN is $17,801 to $17,801.

This vehicle has been on the lot for 7 days.

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

Market context

This listing is part of OAV's broader Merrillville, IN suvs market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2016 Toyota Highlander 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.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Merrillville, IN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 5TDJKRFH8GS320691 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.

2016 Toyota Highlander Market in IN

Comparable Vehicles

185

Average Price

$19,967

Price Range

$7,750–$33,306

Avg Days on Lot

Based on 185 comparable 2014-2018 Toyota Highlander listings in IN, the average asking price is $19,967. This listing at $22,729 is $2,762 above average (14% above market). Comparable prices in IN range from $7,750 to $33,306. Similar vehicles spend an average of 39 days on dealer lots in this market.