Piper TURBO LANCE II Market Report
Single-Engine Piston · generated 2026-10-20 · fyiAero market data, FAA registry, NTSB, aircraft.com sold records.
Market summary
204in operation (FAA)
6for sale · 2.9% of fleet
$212kaverage asking
$213kmedian asking
43avg days on market
10registry transfers, 6 mo
8.3 yravg length of ownership
| Low | Avg | High | |
|---|---|---|---|
| Asking price | $170k | $212k | $250k |
| Model year | 1978 | 1978 | 1979 |
| Airframe time | 2,275 | 4,328 | 5,615 |
| Days on market | — | 43 | 90 |
For sale & average asking by month reconstructed from listing history
| Month | For sale | Avg asking | Trend |
|---|---|---|---|
| 2026-07 | 1 | $177k | |
| 2026-08 | 5 | $182k | |
| 2026-09 | 7 | $215k | |
| 2026-10 | 6 | $212k |
Features of aircraft for sale
| ADS-B | 83% (5) | |
| GPS navigator | 83% (5) | |
| Autopilot | 67% (4) | |
| GTN 750 / 750Xi | 50% (3) | |
| Glass flight deck | 17% (1) | |
| FIKI | 0% (0) |
Where the fleet is based top states, FAA registry
| TX | 30 | |
| FL | 16 | |
| CA | 15 | |
| AZ | 13 | |
| CO | 10 | |
| MI | 9 | |
| GA | 8 | |
| DE | 7 | |
| NC | 6 | |
| NV | 6 |
73 of 204 are individually registered.
Registry transfers by month new registration certificates, 12 mo
| 2025-10 | 1 | |
| 2025-11 | 2 | |
| 2025-12 | 1 | |
| 2026-01 | 2 | |
| 2026-02 | 5 | |
| 2026-03 | 3 | |
| 2026-04 | 4 | |
| 2026-05 | 2 | |
| 2026-06 | 4 | |
| 2026-07 | 2 |
Aircraft for sale 6 units · asking vs fyiEstimate
| Year | Reg | Serial | Asking | fyiEstimate | vs est | TTAF | Engine | Seller | DOM |
|---|---|---|---|---|---|---|---|---|---|
| 1978 | N21357 | 32R-7887203 | $169,900 | $197,500 | -14% | 3,626 | 1,923 | DAN HOWARD AIRCRAFT SALES | 33 |
| 1978 | VH-KDF | 32R-7887055 | $177,250 | $201,000 | -12% | 4,922 | 374 | Barry Arentz | 90 |
| 1978 | N31920 | 32R-7887015 | $249,000 | $226,250 | +10% | 5,615 | 349 | Stuart Sarasin | 27 |
| 1978 | N36716 | 32R-7887068 | $249,900 | $238,500 | +5% | 4,040 | 98 | AIRMART | 72 |
| 1979 | N3024N | 32R-7987099 | Inquire | $234,250 | — | 2,275 | 594 | Matrix Aviation, Inc. | 27 |
| 1979 | N2120B | 32R-7987027 | Inquire | $223,750 | — | 5,490 | 25 | Mike Jones Aircraft Sales | 12 |
Market by model year fleet · for sale · asking
| Year | Fleet | For sale | % | Low | Avg | High |
|---|---|---|---|---|---|---|
| 1954 | 1 | 0 | 0.0% | — | — | — |
| 1978 | 142 | 4 | 2.8% | $170k | $212k | $250k |
| 1979 | 28 | 2 | 7.1% | — | — | — |
| 1989 | 1 | 0 | 0.0% | — | — | — |
fyiEstimate values by model year and airframe time
| Model year | Units | Avg fyiEstimate |
|---|---|---|
| 1978 | 4 | $215,812 |
| 1979 | 2 | $229,000 |
| Airframe hours | Units | Avg asking | Avg fyiEstimate |
|---|---|---|---|
| 2,000–3,999 | 2 | $169,900 | $215,875 |
| 4,000–5,999 | 4 | $225,383 | $222,375 |
Recent market activity last 60 days
| Date | Event | Aircraft | Price |
|---|---|---|---|
| 2026-10-18 | Price change | 1978 VH-KDF | $178k → $177k |
| 2026-10-11 | Price change | 1978 VH-KDF | $177k → $178k |
| 2026-10-08 | Newly listed | 1979 N2120B | Inquire |
| 2026-10-04 | Price change | 1978 VH-KDF | $179k → $177k |
| 2026-10-04 | Price change | 1978 N31920 | $158k → $249k |
| 2026-09-27 | Off market | 1978 | $300k |
| 2026-09-27 | Price change | 1978 VH-KDF | $182k → $179k |
| 2026-09-23 | Newly listed | 1978 N31920 | $249k |
| 2026-09-23 | Newly listed | 1979 N3024N | Inquire |
| 2026-09-20 | Price change | 1978 VH-KDF | $183k → $182k |
| 2026-09-17 | Newly listed | 1978 N21357 | $170k |
| 2026-09-13 | Off market | 1979 N2153N | $145k |
| 2026-09-07 | Newly listed | 1978 | $300k |
| 2026-08-23 | Price change | 1978 VH-KDF | $181k → $183k |
Sold aircraft.com sold records · last asking at sale
7sold records
$213kavg last asking
$177k – $249krange
| Month | Sold | Avg asking |
|---|---|---|
| 2026-08 | 6 | $213k |
| 2026-10 | 1 | — |
| Date | Year | Reg | TTAF | Asking |
|---|---|---|---|---|
| 2026-10-04 | 1978 | 2,948 | — | |
| 2026-08-30 | 1978 | VH-KDF | 4,922 | $177k |
| 2026-08-16 | 1978 | N31920 | 5,582 | $249k |
| 2026-08-16 | 1979 | N2178G | 1,550 | — |
| 2026-08-16 | 1979 | N469JL | 3,558 | — |
| 2026-08-10 | 1978 | N21425 | 3,319 | — |
| 2026-08-10 | 1978 | 5,069 | — |
Operating costs full cost analysis →
$34,868annual budget · 91 hrs
$197variable cost / hour
$1.13cost per nm
19.0gph fuel burn
fyiEstimate values are market estimates from comparable asking prices (which skew high versus sold prices), not certified appraisals. Fleet and ownership figures from the FAA Releasable Registry; "registry transfers" count new registration certificates issued. Sold records from aircraft.com reflect the last asking price, not the transaction price. Monthly history is reconstructed from when listings first and last appeared.
