How Much Is Your iPhone 7 / 7 Plus Worth Now?

Your iPhone 7 may have served you loyally over the past two years, but maybe it's time to think about an upgrade — especially now that the iPhone XR, iPhone XS, and iPhone XS Max are on store shelves and offering a mix of power and esign.

Jumping from an iPhone 7 or 7 Plus to one of the new models means enjoying big improvements in processing power, camera capabilities and battery life. But depending on which model you get, you could also be looking at a bill that approaches $1,000 — or even exceeds it in the case of XS Max

This is where your iPhone 7 can serve you one last time. Trading in your device can get you cash or store credit that can go to the purchase of a new iPhone. Here's what you can expect in return for your iPhone 7 or 7 Plus, based on prices quoted by top phone resellers.

Verizon models tend to be valued higher compared to AT&T, Sprint and T-Mobile iPhones, which are usually worth tens of dollars less. Unlocked models tend to fetch as much as iPhones tied to Verizon — at least among the retailers who are accepting unlocked devices for trade-in.

Based on our research, Best Buy quotes the highest prices for iPhone 7 and 7 Plus models. Indeed, regardless of your carrier or storage, the iPhone 7 or iPhone 7 Plus you trade in will fetch the most value at Best Buy. If you’d prefer not to turn to a retailer, however, Gazelle could be another great choice, since its values are close to matching what Best Buy offers.

MORE: Best Places to Buy and Sell a Used iPhone

From our observation, Amazon is the only retailer that differentiates price based on the color of your iPhone, but the deviation is typically only a few dollars. Best Buy, GameStop, Gazelle and Walmart pay the same for all colors.

Note that the prices listed below for Gamestop are the regular trade-in values. Gamestop also quotes prices for Pro members which are always higher by $10 to $30, depending on which model and carrier you've got. A Pro membership at Gamestop costs $14.99 a year.

Our lists below show the maximum cash and credit offers you can now expect at these major retailers with trade-in programs. Before you attempt to cash out, make sure your iPhone 7 or 7 Plus is in relatively good condition. In some cases, your phone will need to be “flawless,” meaning no cracked screens and the ability to power on. You’ll also need to make sure you remove all of your data. Check the terms at your retailer of choice prior to selling.

iPhone 7 (32GB / 128GB / 256GB)

Amazon$130/$140/$145Not Available
Best Buy(in-store credit)$145/$170/$175
$145/$170/$175$145/$170/$175$145/$170/$175Not Available
Gamestop(in-store credit/cash)$125/$135/$145
Not Available
Walmart(in-store credit)$118/$138/$142

iPhone 7 Plus (32GB / 128GB / 256GB)

Not Available
Best Buy(in-store credit)$225/$260/$260
$225/$260/$260$225/$260/$260$225/$260/$260Not Available
Gamestop(in-store credit/cash)$185/$195/$200$150/$180/$190$185/$200/NA
Not Available
Walmart(in-store credit)$171/$190/$211

Credit: Tom's Guide