Citation CJ3+ Market Update June 2024

June 2024 Citation CJ3+ Market Report - The Jet Agent

Our June 2024 update on what’s happening in the Citation CJ3+ preowned sales market;

There were 4 new Citation CJ3+s delivered from the manufacturer in May, growing the fleet size from 269 to 273 aircraft in operation. Of those 273 CJ3+s, there are currently 16 available for sale, representing 5.9% of the fleet. This is up just slightly from the previous month when there were 15 CJ3+s available for sale, or 5.6% of the fleet.

The 16 Citation CJ3+s for sale have been on the market for an average of 81 days to date, up from 64 days the previous month. This is still currently the lowest average days-on-market of the fleet types we follow, with almost half of the available units hitting the market since April. The CJ3+s for sale today range in asking price from $7,295,000 to $12,000,000. Over half of the available CJ3+s for sale are model year 2020 and newer, and 3 are 2024 models.

Citation CJ3+ sales continue to trend up, with 4 CJ3+s selling in May. Over the last six months, 21 Citation CJ3+s have sold, and 3 of those were off-market transactions. The CJ3+s listed for sale spent an average of 117 days on market before trading. The 21 CJ3+s that have sold over the last six months range in sold price from $6,500,000 to $11,250,000. 

With the addition of many late model CJ3+ options on the market for sale, we anticipate seeing sales continue to rise as new owners are looking for ways to avoid the manufacturer’s delivery backlog and enter an aircraft into service now.

Each aircraft market is unique and full of intricacies that can be difficult to follow. As the markets shift, it is more important than ever to work with a professional aircraft broker who studies these markets daily and can make expert recommendations based on actual market data.

If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our knowledge with you.

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