When listing on Depop, you may now see a suggested price range for your item, to act as a guide to help you price the item based on what’s selling on the app.
The suggested price range is generated by matching the gender, category, subcategory, brand and condition attributes that you select when listing your item to items with the same attributes which have sold on Depop between 1 August 2021 and 1 August 2022.
Now for the technical part…
The suggested price scale shows the 5th to 95th and 25th to 75th percentile ranges of the selling prices of matching items.
In the example above, the price shown at the left hand of the scale above, labelled “Min”, represents the 5th percentile and the price shown at the right hand of the scale, labelled “Max”, represents the 95th percentile. The 25th to 75th percentile range is represented by the prices shown under the green line. This gives an indication of the amount that items with matching attributes have sold for.
Now for the really technical part… A percentile is a value on a scale of 100 that indicates the percent of a distribution that is equal to or below it. In the example above, £20 is the 25th percentile, meaning that £20 is a higher price than 25% of the sold prices of matching items. £35 is the 75th percentile, meaning that £35 is a higher price than 75% of the sold prices of matching items.
The aim of the pre-listing pricing inspiration tool is to provide you with meaningful price suggestions. For that reason, we will not show the pricing range:
- If fewer than three items with matching attributes have sold.
- If there is less than a 20% difference between the 25th percentile sold price and the 75th percentile sold price. For example, if the 25th percentile sold price is £10 and the 75th percentile sold price is £11, there is a 10% difference, so we would not display the scale in these circumstances.
- If there is more than a 150% difference between the 25th percentile sold price and the 75th percentile sold price. For example, if the 25th percentile sold price is £50 and the 75th percentile sold price is £130, there is a 160% difference, so we would not display the scale in these circumstances.
- The pre-listing pricing inspiration tool is a guide only, to improve the likelihood of a sale by illustrating the sold prices of items with matching attributes. Sellers are not required to price their item within the suggested price range. Sellers have, at all times, total discretion to set prices.
- Depop gives no assurance or guarantee that pricing your item within the suggested price range will result in a sale.
- The suggested price range shown is based upon the gender, brand, condition and category of sold items as tagged by Depop sellers in the listing flow. Depop does not verify the accuracy of item attributes.