Market Digest: May 16, 2025

Market trends and Leica sales from the past week

Market Digest: May 16, 2025

Over the past week, we analyzed 49 Leica camera sales across popular reseller platforms. The overall market shows strong activity with an 11.7% increase in average prices compared to historical averages, indicating a healthy demand for Leica gear.

Let's dive into what's happening in the market and, more importantly, what it means for you.

Q Series

Q3:

  • Price range: $4,800-6,250
  • Average price: $5,621
  • Market trending: Slight increase (+2.6%) over historical average

Q2:

  • Standard models: $2,899-5,599
  • Average price: $3,823 (showing 10.9% increase from historical average)
  • High price variability, with sales ranging widely based on condition and limited editions
  • Reporter Edition models commanding premium prices

Original Q:

  • Price range: $2,099-3,449
  • Average price: $2,561 (showing 16.7% increase from historical average)
  • Limited editions (Titanium, Khaki) command higher prices
  • Strong buyer interest in this entry model

Digital M Series

M11 Series:

  • Current pricing: $6,000-8,075
  • Average price: $7,038 (showing 5.2% increase from historical average)
  • M11-P commanding significant premium over standard M11

M10 Series:

  • Standard M10: $4,150 (steady from historical average)
  • M10-R: Average $5,650 (showing 11.5% decrease from historical average)
  • M10-P: $4,000-7,200 (high price variability based on special editions)

M240 Series:

  • Standard M240: $2,450 (showing 10.8% decrease from historical average)
  • M240-P: $2,750-4,250 (showing 13.3% increase from historical average)

Film M Series

M6 Variants:

  • Price range: $2,550-4,400
  • Average price: $3,377 (showing 9.1% increase from historical average)
  • Premium for Titanium and limited editions

Classic Bodies:

  • M4: Average $2,125 (showing 8.9% increase from historical average)
  • M8: Average $2,150 (showing 6.1% increase from historical average)
  • M7: Average $2,923 (showing 20.2% decrease from historical average)
  • M2: Single sale at $3,300 (93.1% above historical average)

Hidden Market Trend

Tariff Impact Driving Second-Hand Market Growth

Recent tariffs implemented by the Trump administration in April 2025 have significantly increased the prices of new Leica cameras, with EU-manufactured models facing 20-30% price hikes. Our data shows evidence of this already affecting the second-hand market, with overall used prices up 11.7% as savvy buyers seek alternatives to new equipment. The Q1's 16.7% appreciation appears directly correlated with the D-Lux 8's recent 75% price jump from $1,595 to $2,790 at major retailers, as budget-conscious buyers seek alternatives within the Leica ecosystem.


Three cameras to peruse:

Leica Q

Leica Q1 with manuals

The original Q is showing the strongest market momentum right now with a 16.7% price increase over historical averages. Recent sales averaged $2,561 with transactions ranging from $2,099 to $3,449.

Posted by Tim Lei on IG for $2,280


Leica M7

Leica M7

With a 20.2% price decrease from historical averages, the M7 represents good value for a sophisticated film body. This listing is asking slightly above recent sales of $2,923, but is in great shape and comes with the original box.

Listed on Fred Miranda for $3,500


Leica Q2

This Q2 is in great condition and comes with the original box, charger, and accessories. Since we began price tracking, the average sale price for Q2s has increased to $3,823 (+10.9% from the historical average).

Get in on the bidding! $2,185 at the time of posting


Have a cool camera you’d like featured or one you’re searching for? Let us know!

See you next week.

Your friends behind the lens,

Summimarket