Is the $31,397 price on this 2026 Toyota Corolla a good deal?

OAV rates this as Fair Price because the asking price of $31,397 is within the typical market range for this vehicle.

What is the average price for a 2026 Toyota Corolla in MI?

Based on 961 comparable listings in MI, the average asking price for a 2024-2028 Toyota Corolla is $25,087, with prices ranging from $16,500 to $33,567.

How long does a 2026 Toyota Corolla typically stay on dealer lots?

Comparable Toyota Corolla listings in MI spend an average of 37 days on dealer lots.

Where is this 2026 Toyota Corolla located?

This vehicle is listed in Novi, MI 48375. VIN: 5YFT4MCE5TP281688. Mileage: mileage not reported.

What is the fair market price range for this 2026 Toyota Corolla?

OAV's Price-to-Market analysis estimates the fair market range is $29,979 to $31,748, based on 9 comparable vehicles.

Vehicle Details

VIN5YFT4MCE5TP281688

TrimXSE

Exterior ColorBlack

DrivetrainFWD

Engine2.0L I4

TransmissionCVT

Fuel TypeUnleaded

Inventory Typenew

MSRP$31,397

Days on Lot4

2026 Toyota Corolla

XSE

Unscored

$31,397

Novi, MI 48375

Is this 2026 Toyota Corolla XSE a good deal?

OAV verdict: Unscored

Why: Listed at $31,397, comparable market range $29,979–$31,748, based on 9 comparable listings. Days on lot: 4 days (market average 37 days).

Market price position

Lowest comparable ($)

29,979

Highest comparable ($)

31,748

This vehicle's price ($)

31,397

$31,397 · within market range

$29,979comparable$31,748

Regional range: $29,979 – $31,748
vs. market: $1,418 above low · $351 below high
Comparable vehicles: 9

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 6–55 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$29,979 – $31,748

Regional Range$28,780 – $33,567

Dealer Info

Hidden

Novi, MI

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About This 2026 Toyota Corolla

Listing updated: May 16, 2026

Listed by a franchise dealer in Novi, MI · On lot for 4 days · VIN verifiable at NHTSA

This new 2026 Toyota Corolla XSE is listed at $31,397 by a franchise dealer in Novi, MI 48375. The exterior color is Black. It features a FWD drivetrain with a 2.0L I4 engine and CVT transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Unscored due to insufficient comparable data. Based on 9 similar vehicles in the Novi market, the estimated market range is $29,979 to $31,748. The local market range in MI is $29,979 to $31,748.

This vehicle has been on the lot for 4 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 Novi, MI 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 2026 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.

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 Novi, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 5YFT4MCE5TP281688 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.

2026 Toyota Corolla Market in MI

Comparable Vehicles

961

Average Price

$25,087

Price Range

$16,500–$33,567

Avg Days on Lot

Based on 961 comparable 2024-2028 Toyota Corolla listings in MI, the average asking price is $25,087. This listing at $31,397 is $6,310 above average (25% above market). Comparable prices in MI range from $16,500 to $33,567. Similar vehicles spend an average of 37 days on dealer lots in this market.