Is the $16,000 price on this 2022 Toyota Corolla a good deal?

OAV rates this as Fair Price because the asking price of $16,000 is within the typical market range for this vehicle.

What is the average price for a 2022 Toyota Corolla in IL?

Based on 876 comparable listings in IL, the average asking price for a 2020-2024 Toyota Corolla is $20,349, with prices ranging from $9,492 to $30,313.

How long does a 2022 Toyota Corolla typically stay on dealer lots?

Comparable Toyota Corolla listings in IL spend an average of 48 days on dealer lots.

Where is this 2022 Toyota Corolla located?

This vehicle is listed in Arlington Heights, IL 60005. VIN: 5YFEPMAE0NP292264. Mileage: 92,873 miles.

What is the fair market price range for this 2022 Toyota Corolla?

OAV's Price-to-Market analysis estimates the fair market range is $9,492 to $19,985, based on 7 comparable vehicles.

Vehicle Details

VIN5YFEPMAE0NP292264

TrimLE

Exterior ColorRed

DrivetrainFWD

Engine1.8L I4

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot7

2022 Toyota Corolla

Unscored

$16,00092,873 mi

Arlington Heights, IL 60005

Is this 2022 Toyota Corolla LE a good deal?

OAV verdict: Unscored

Why: Listed at $16,000, comparable market range $9,492–$19,985, based on 7 comparable listings. Days on lot: 7 days (market average 48 days).

Market price position

Lowest comparable ($)

9,492

Highest comparable ($)

19,985

This vehicle's price ($)

16,000

$16,000 · within market range

$9,492comparable$19,985

Regional range: $9,492 – $19,985
vs. market: $6,508 above low · $3,985 below high
Comparable vehicles: 7

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 11–50 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$9,492 – $19,985

Regional Range$9,492 – $23,843

Dealer Info

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Arlington Heights, IL

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About This 2022 Toyota Corolla

Listing updated: May 21, 2026

Listed by an independent dealer in Arlington Heights, IL · On lot for 7 days · VIN verifiable at NHTSA

This used 2022 Toyota Corolla LE is listed at $16,000 by an independent dealer in Arlington Heights, IL 60005. It has 92,873 miles on the odometer. The exterior color is Red. It features a FWD drivetrain with a 1.8L I4 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Unscored due to insufficient comparable data. Based on 7 similar vehicles in the Arlington Heights market, the estimated market range is $9,492 to $19,985. The local market range in IL is $9,492 to $19,985.

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 Arlington Heights, IL sedans 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 2022 Toyota Corolla 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 Arlington Heights, IL, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 5YFEPMAE0NP292264 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.

2022 Toyota Corolla Market in IL

Comparable Vehicles

876

Average Price

$20,349

Price Range

$9,492–$30,313

Avg Days on Lot

Based on 876 comparable 2020-2024 Toyota Corolla listings in IL, the average asking price is $20,349. This listing at $16,000 is $4,349 below average (21% below market). Comparable prices in IL range from $9,492 to $30,313. Similar vehicles spend an average of 48 days on dealer lots in this market.