Market Digest: May 2, 2025
Market trends and Leica sales from the past week
Market trends and Leica sales from the past week
It's been another interesting week in the Leica marketplace. We've tracked 41 sales across all the usual platforms, giving us a good snapshot of where things stand as we enter May.
Whether you're considering a purchase, thinking of selling, or just curious about the value of what's in your camera bag, we've got the insights you need. Here's what we're seeing in the market this week:
Q Series
- Price range: $4,985-5,215
- Recent trend: 7.0% decrease from historical average
- Market cooling slightly after initial release enthusiasm
- Standard models: $2,500-2,750
- Q2 Monochrom: $4,200 (holding stronger value)
- Premium for boxed examples with accessories (+$200-250)
- Current range: $1,800-2,100
- Showing 7.9% decrease from historical average
- Value proposition improving for entry-level Q shooters
Digital M Series
- Current pricing: $6,300-7,850
- Limited recent sales data, but prices remain stable
- Premium for "like new" condition with all accessories
- Standard M10: $3,900-4,800
- Consistent pricing with minimal fluctuation
- Sweet spot: $4,300 for excellent condition examples
- M240: $2,300-2,650 (11.0% decrease from historical average)
- M246 Monochrom: $3,000-3,600 (6.5% increase from historical average)
- Monochrom versions maintaining stronger value retention
Film M Series
Classic Bodies:
- M6: $3,800-4,500 (continuing strong demand)
- M3: $2,100-2,800 (condition-dependent)
- M2: $900-2,950 (large price variability)
SL System
SL Series:
- SL2: $3,800-4,200 (8.1% increase from historical average)
- Growing interest coinciding with recent lens releases
- Price stabilization after previous periods of decline
Hidden Market Trends
1. Digital Monochrom Premium Growing
While color digital M bodies like the M240 are seeing price decreases (-11.0%), their Monochrom counterparts are experiencing value appreciation (M246: +6.5%). This diverging trend suggests growing recognition of the unique value proposition of Monochrom cameras among serious black and white photographers.
2. Q-Series Market Correction
After sustained strength, the Q-series is experiencing a modest price adjustment with the Q3 (-7.0%) and original Q (-7.9%) both showing decreased average selling prices from historical averages. This may represent a buying opportunity for those looking to enter the Q ecosystem at more favorable price points.
Three cameras to peruse:
Leica M2 Hammertone
This hammertone is a beauty in mint condition and recently CLAd. M2 sale prices vary significantly depending on condition, but if you’re in the market for an M2, this listing is definitely worth checking out.
Leica M246 Monochrom
The M246 Monochrom is showing impressive market strength, with a 6.5% price increase over historical averages and recent sales averaging $3,297. This black-and-white digital rangefinder continues to command a premium over its color counterpart and represents both a unique shooting experience and a solid value retention prospect.
Posted on r/photomarket for $3,200
Leica M240
With an 11% price decrease from historical averages, the M240 represents excellent value for a full-frame digital M. Recent sales are averaging $2,475, establishing a new price floor that makes this a compelling entry point into Leica's digital M system. This listing is in good condition and comes with two batteries.
Get in on the bidding! $1,200 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
