Is the $22,923 price on this 2020 Hyundai Palisade a good deal?

OAV rates this as Fair Price because the asking price of $22,923 is within the typical market range for this vehicle.

How long does a 2020 Hyundai Palisade typically stay on dealer lots?

Comparable Hyundai Palisade listings in IL spend an average of 56 days on dealer lots.

Where is this 2020 Hyundai Palisade located?

This vehicle is listed in Elgin, IL 60123. VIN: KM8R4DHE4LU109895. Mileage: 70,396 miles.

What is the fair market price range for this 2020 Hyundai Palisade?

OAV's Price-to-Market analysis estimates the fair market range is $14,989 to $29,998, based on 47 comparable listings matched to this vehicle.

2020 Hyundai Palisade SEL for Sale in Elgin, IL

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Vehicle Details

VINKM8R4DHE4LU109895

TrimSEL

Exterior ColorWhite

Drivetrain4WD

Engine3.8L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot12

SEL

Fair Price

$22,92370,396 mi

Elgin, IL 60123

Is this 2020 Hyundai Palisade SEL a good deal?

OAV verdict: Fair Price

Why: Listed at $22,923, comparable market range $14,989–$29,998, based on 47 comparable listings. Days on lot: 12 days (market average 56 days).

Market price position

$22,923 · within market range

Comparable range: $14,989 – $29,998
vs. market: $7,934 above low · $7,075 below high
Comparable vehicles: 47

Market Retail Price (MRP™)

$22,494

This vehicle $22,923 · $429 (2%) 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™)

$23,101

This vehicle $22,923 · $178 (1%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-08-10) — an estimate, not an appraisal. How TRV works.

Demand-Verified· Faster recent sell-through, still within the typical window

Faster recent sell-through

Comparable vehicles nationally recently sold in an estimated 11–48 days, and this listing is still within that typical selling window.

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 are rebuilt from the market snapshot shown above.

Regional Range$14,989 – $29,998

Elgin Kia

Elgin, IL

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OAV will route your inquiry to Elgin Kia for current availability of this 2020 Hyundai Palisade SEL 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 2020 Hyundai Palisade

Listing updated: Aug 10, 2026

Listed by a franchise dealer in Elgin, IL · On lot for 12 days · VIN verifiable at NHTSA

This used 2020 Hyundai Palisade SEL is listed at $22,923 by elgin kia in Elgin, IL 60123. It has 70,396 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is White. It features a 4WD drivetrain with a 3.8L V6 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 47 comparable listings matched to this vehicle, the estimated market range is $14,989 to $29,998. These comparisons match year, make, and model and may currently span trims and configurations (trim-level matching is rolling out).

This vehicle has been on the lot for 12 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 Elgin, IL 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 2020 Hyundai Palisade against similar vehicles currently available in the local and regional market — same make, model, and year range (currently across available trims and configurations; trim-level matching is rolling out), 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 a franchise dealer in Elgin, IL, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN KM8R4DHE4LU109895 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 processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2020 Hyundai Palisade Market in IL

IL Market Listings

197

Average Price

$24,522

Price Range

$13,950–$36,328

Avg Days on Lot

Based on all 197 2018-2022 Hyundai Palisade listings in the IL market, the average asking price is $24,522. This listing at $22,923 is $1,599 below the broader IL average (7% below the IL average). This is a wider, all-trim comparison across IL; OAV's price verdict above uses the closer comparable set. Comparable prices in IL range from $13,950 to $36,328. Similar vehicles spend an average of 56 days on dealer lots in this market.