Market Digest: October 17, 2025
Market trends and Leica sales from the past two weeks
Market trends and Leica sales from the past two weeks
Over the past two weeks, we analyzed 142 Leica camera sales across popular reseller platforms. For a visual representation of our growing database, head to Summimarket.
Let's dive into what's happening and what it means for your next purchase (or sale).
Q Series
- Price range: $3,850-5,899 across 14 sales
- Average: $5,100
- Prices down 3.8% compared to historical average, showing stability after initial launch volatility
- Sweet spot continues to be around $5,100 for like-new condition
- Price range: $5,300-6,488 across 6 sales
- Average: $5,890
- Prices down 2.0% compared to historical average
- Price range: $1,733-5,435 across 14 sales
- Average: $3,595
- Prices up 8.4% compared to historical average, making it a strong middle-market performer
- Wide price range reflects condition variations; excellent budget alternative to Q3
- Price range: $1,575-3,501 across 7 sales
- Average: $2,310
- Prices up 4.5% compared to historical average as entry point continues to firm up
Digital M Series
- Price range: $6,000-6,390 across 4 sales
- Average: $6,130
- Prices down 4.4% compared to historical average, likely due to the upcoming M EV1 announcement
- Still commanding premium pricing in excellent condition
- Price range: $3,700-5,950 across 4 sales
- Average: $4,988
- Prices down 9.0% compared to historical average
- High-resolution variant showing more price sensitivity; good opportunity for buyers seeking 40MP capability
- Price range: $2,100-2,861 across 7 sales
- Average: $2,546
- Prices flat compared to historical average, showing the most stable pricing in the digital M lineup
- Reliable workhorse at an accessible (Leica) price point
- Price range: $1,200-3,200 across 2 sales (limited sample size)
- Average: $2,200
- Prices down 20.8% compared to historical average
Film M Series
- Price range: $1,900-3,740 across 15 sales
- Average: $2,763
- Prices relatively flat (down 1.3%) compared to the historical average
- Classic remains a strong seller with consistent demand
- Price range: $3,244-3,500 across 5 sales
- Average: $3,386
- Prices up 2.6% compared to historical average
- TTL metering variant commands a premium over the standard M6
- Price range: $1,000-3,000 across 7 sales
- Average: $1,689
- Prices up 11.6% compared to historical average
- Undervalued classic gaining appreciation; wide price spread based on condition and service history
- Price range: $1,300-6,495 across 7 sales
- Average: $3,249
- High variance indicates special editions commanding premiums
- Price range: $920-1,999
- Average: $1,429
- 17 sales during period (highest volume film body)
- Prices down 2.2% compared to historical average
- Double-stroke and single-stroke variants creating price spread
- Price range: $780-2,500 across 4 sales
- Average: $1,633
- Prices up 4.2% compared to historical average
- Budget-friendly classic M rangefinder where condition and service history drive pricing
- Price range: $3,795-5,754 across 4 sales
- Average: $4,595
- Prices up 12.4% compared to historical average
- Modern film body showing strength; premium over vintage models justified by serviceability
Hidden Market Trends
1. Digital M Series Softening Ahead of October Announcements
Digital M prices declined 15.4% on average compared to historical data. With Leica rumored to announce the M EV1 on October 23rd, sellers are moving inventory while buyers wait. This creates a window for savvy purchasers who aren't concerned about the latest tech. The M10R at $4,988 and the M11 at $6,130 represent solid value if you aren't interested in an EVF.
2. Film M Bodies Showing Resilience
While digital bodies saw price declines, film M cameras maintained pricing with only a 0.3% average increase. The M5 (up 11.6%) and MP (up 12.4%) led gains, suggesting that collectors recognize undervalued classics. This divergence indicates the film market operates independently of digital product cycles.
3. High Price Variance Signals Condition Premium
Models with extreme price ranges (M4: $1,300-6,495; Q2: $1,733-5,435) demonstrate that condition, original packaging, and accessories dramatically impact value. The difference between a "well-used" and "mint with box and original accessories" example can approach 100%. Sellers should invest in detailed photography and documentation; buyers should be skeptical of deals that seem too good. Learn more about how to get more for your sale.
Quick Shots
► Leica is expected to unveil the Q3 Monochrom this week with a 60MP monochrome sensor, 28mm lens, and pricing between $6,000-6,500, with a 43mm version potentially following in 2026.
⚡️ Described as "a Q with M-mount," the M EV1 will be Leica's first M camera with a built-in 5.76MP electronic viewfinder (no optical rangefinder), featuring the M11's triple-resolution sensor and a clean top plate design.
🎒 Japanese bag maker PORTER collaborated with Leica on a limited-edition backpack set (only 100 units) featuring a matte black nylon exterior, Leica's signature red interior, and a modular design developed over four years—priced at ¥220,000 ($1,470 USD) and launching October 18.
Have a Leica collecting dust? For a limited time, Summimarket is offering free listings with the ability to set a reserve. Drop us a line or learn more on our website.
Your friends behind the lens,
Summimarket
