True Price™ market estimate
2022 Caterpillar Caterpillar 938m Value
Valuation ID: fa520de0-0d83-45fe-baf9-5455d49dcf37
Estimated likely private-sale value
$165,000
Why this confidence level
The make was entered manually. Direct asking price comparables exist for the exact year and model (2022 CAT 938M ranging from $168,000 for 4,350 hours to $218,000 for 880 hours). However, the subject unit lacks specific operating hours and overall condition details, requiring a wider valuation spread.
Asking-price matches
30
Verified sales used
0
Market direction
Stable
Market analysis
Late-model medium wheel loaders maintain steady demand across construction and agricultural sectors. Values for 2022 models reflect standard age depreciation without severe market spikes or drops.
National estimate assumes average U.S. market conditions. Midwest regional listings show consistent availability, with minimal freight adjustment needed for standard national distribution.
Operating hours were not provided. The valuation range assumes standard usage for a 2022 machine (2,000 to 3,500 hours). Lower hours near 1,000 would push value toward the high end ($195,000+), while heavy hours over 4,500 drag value toward or below the low end ($135,000).
Target equipment lacks operating hours and physical condition grade. Valuation is modeled against direct asking comparables with appropriate adjustments for trade vs. retail positioning.
Pricing and time to sell
At $135,000
1 to 3 weeks
At $165,000
4 to 8 weeks
At $195,000
2 to 4 months
Comparable asking prices
Active asking prices provide market context but are not confirmed sale prices.
2022 Caterpillar 349
True Machinery6,980 hoursBellevue, IA
$218,000
View listing2022 Caterpillar D6 LGP
True Machinery4,383 hoursBellevue, IA
$288,000
View listing2022 Caterpillar 938M
True Machinery4,350 hoursBellevue, IA
$168,000
View listing2022 Caterpillar 938M
True Machinery880 hoursBellevue, IA
$218,000
View listing2022 Wacker Neuson ST31
True Machinery918 hoursOtley, IA
$42,000
View listing2022 Bobcat S64
True Machinery136 hoursFarley, IA
$45,000
View listingFactors considered
- Unspecified operating hours on the target unit require a broad conservative range.
- Two direct 2022 CAT 938M asking price comparables serve as baseline anchors.
- Absence of completed sales data necessitates relying on asking prices with customary negotiation discounts.
- Brand and model recognition are exceptionally high for late-model Caterpillar wheel loaders.