There are currently 410 CJ3s in operation worldwide, with 22 aircraft available for sale, representing approximately 5.4% of the Look at the trail in 12 months, the available inventory has increased by 8 aircraft, or 57%, and at the same time, average asking prices have increased by $332,000, or 7%. So while buyers have somewhat more selection today, pricing has remained well supported. That combination tells us the CJ3 market continues to demonstrate good underlying demand, even as inventory has increased. Turning to transaction activity, the average days on market currently stands at 129 days. That's a fun five-day increase over the Trello 12-month period. And during that same period, we've seen 42 retail transactions, averaging approximately 3.5 sales per month. That's an important indicator because it shows that the CJ3 continues to be a relatively active and liquid market. Even with additional inventory coming to market, transaction volume has remained healthy. 12-month sales price, the CJ3 currently has approximately 6.6 months of available supply. That remains a healthy absorption level and suggests that supply and demand continue to be reasonably well-balanced. So for sellers, the market still provides good support for properly priced and well-presented aircraft. For buyers, the increase in inventory creates more opportunity to compare aircraft with each based on condition, maintenance history, equipment, and overall value. So what's the takeaway? We continue to view the CJ3 as a strong market. Inventory has increased but remains manageable. Transaction activity remains healthy and average asking prices have continued to hold up. The OEM backlog is also helping support pre-owned aircraft values. We continue to characterize the CJ3 as a seller's market and for Q3 2026, Holstein Aviation assigns the CJ3 as a B-plus market demand rating.
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The CJ3 continues to be a very popular light jet in the pre-owned market, thanks to its combination of operating efficiency, strong performance, and strong owner appeal. There are 410 CJ3s currently in operation, with 13 aircraft for sale, which represents 3.2% of the total fleet. This places the CJ3 firmly in a seller's market. The aircraft continues to hold strong value in today's market. Pre-owned aircraft currently trade in the $4.5 to $6 million range, depending on year of manufacture, total time, maintenance pedigree, equipment, and overall condition. The production years for the CJ3 span from 2004 to 2015. Giving buyers a broad range of aircraft options within the fleet. Turning to transaction activity, over the past 12 months, inventory has dropped by 38%, signaling strong demand. Average asking prices have increased 3% compared to March of 2025, reflecting continued strength in this market. Time to sell has dropped by 40%, with aircraft now averaging about 101 days on the market. Aircraft that are properly priced and well-presented continue to transact in a reasonable timeframe, particularly those with strong maintenance pedigree, good cosmetics, and desirable equipment. since March of 2020. By 2025, there had been 39 retail sales, averaging about 3 transactions per month. From a supply and demand perspective, the CJ-3 remains in a seller-favorable position, with a 4.1 month absorption rate. Relatively low inventory, combined with steady buyer demand, continues to support aircraft values. In addition, OEM new aircraft backlogs are driving many buyers toward the pre-owned market, which further strengthens demand for proven aircraft, such as the CJ 3. The practical takeaway is that properly priced CJ-3 aircraft with good pedigree are still attracting strong buyer interest in today's market. In summary, the Citation CJ-3 market remains strong, inventory levels are low, pricing has shown upward movement over the past year, and transaction activity remains healthy
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