Why Are Nike Dunks So Expensive - Everything You Need to Know

It’s no secret that Nike Dunks and the Nike Dunk Low are some of the most popular shoes in the world right now. After all, Nike Dunks are being worn by celebrities and social media influencers and its had an impact!

In recent times, the Nike Dunks have taken the resale market by storm and the shoes are more expensive than ever.

Which raises the question…

Why Are Nike Dunks So Expensive?

Nike Dunks are so expensive because they are highly coveted sneakers. In stores, Nike Dunks retail for between $120 and $135. However, due to a limited supply and a high demand, Dunks are reselling for 375% more than their retail price. Consumers are wearing, reselling, and collecting Nike Dunk Lows, so we can expect that prices will continue to rise.

With that being said, if you’re trying to get your hands on a pair of Nike Dunks, here is everything you need to know.

In this post we go over the best ways to find and purchase Nike Dunks and answer many of your frequently asked questions.

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Is It Hard To Buy Nike Dunks?

Due to the high demand, finding a pair of Nike Dunks is difficult. In fact, if you do find a pair of Dunks, you may trouble finding them in your size. If there is a particular style or color of Dunks that you want, you’ll likely have better luck buying them on resale websites or at consignment stores.

The other way to buy Nike Dunks is to enter a raffle on the Nike SNKRS App, which is the process to purchase sought after sneakers.

How to Win Dunks on Nike App

You can win a pair of Dunks by entering into a raffle on the Nike SNRKS App.

Here are the steps to winning a pair of Nike Dunks of the Nike SNKRS APP, along with helpful tips that will help increase your chances at winning sneaker raffles.

Step 1: Download the Nike SNKRS App and Create a Profile

You can download the Nike SNKRS app from the App Store or the Google Play Store.

In order to use the app, you will have to create a profile. You’ll need to enter your email address, first and last name, credit card information, shipping address and create a password.

Step 2: Choosing the Items You Want

When you go on the homepage of the SNKRS App, you will be able to scroll through the different events and products that Nike is offering. You’ll see the upcoming Nike Dunk release and the different styles that are available.

There are two different ways to get the items you want depending on the type of shoe release.

Here’s how it works:

General Releases

For general releases, Nike has a first come, first serve system. This means that you have to be on the SNKRS App, at the specific release time to purchase the shoes. You can tell an item is a general release because the app will tell you the release date and time.

Typically, it’s easier to get Nike Dunks when they are general releases, as there is less of a demand for them.

Limited Releases

Nike Dunks, Limited release, Nike Dunk Low

For limited releases, Nike has a draw system. This means that you will have to enter into a raffle to have a chance at purchasing the shoes. This is done because there is a huge demand for the shoes and there is a limited supply.

For example, for a shoe like the Nike Dunk SB Low Travis Scott, you will have to enter into a raffle since they are so popular.

To enter into the raffle, you’ll need to join the draw at a specific date and time. You can see when the draw is by selecting the Nike SB Dunks that you want to purchase.

Tip: Be sure to enter the draw within the first 5 to 7 minutes as they stop people from entering the draw after 10 minutes.

3. Purchasing Nike Dunks

Whether you are purchasing your Nike Dunks through the first come, first serve system or the draw system, there are a few things you should know.

If you get selected to purchase the Dunks, the app will automatically charge the card that you entered when you signed up for the app. So it’s important to be aware that when you enter a raffle, you are agreeing to purchase the shoes if you win.

Tip: To increase your chances at winning a raffle, use the SNKRS App frequently, have a profile picture and interact with the different events. This indicates to Nike that you are an active account and not a bot.

What Is so Special About Nike Dunk Lows?

Nike Dunk Lows are simple, stylish and a versatile pair of shoes. The silhouette of the Nike Dunk Low is one of Nike most popular and iconic shoe designs. This low-top version of the Nike Dunks have an understated and minimalist look, which is why these sneakers are so special. The Nike Dunks also have the classic Nike swoosh branding.

Why Are Nike Dunk SB Lows so Expensive?

The Nike Dunk SB Lows are only sold by certain Nike tier accounts (retailers). Nike determines the price. However, since they’re only available in select stores and the demand is so high, the Nike Dunks lows can be hard to find at retail prices. This means that if you want the Nike SB Dunk Low, you will have to pay a higher price at a consignment store or on a resale platforms.

For the longest time, Nike SB Dunk Lows were primarily worn by skaters. However in recent times, Nike Dunks have become so popular that there is a limited availability of the sneakers.

Skaters have actually had to change sneaker brands from Nike SB Dunks to New Balance shoes or Adidas sneakers.

How Fast Do Nike Dunks Sell Out?

Depending on the style of Nike Dunks, they can sell out right away. For example, the Panda Dunks (which are very popular) sold out quickly, which means that consumers are forced to purchase them from resale websites. Purchasing Nike Dunks for retail before they sell out involves paying attention to release dates, entering raffles, and luck.

How to Get a Pair of Nike Dunks Before They Sell Out

If you want a pair of Nike Dunks before they sell out, you’ll have to pay attention the sneaker release calendar and enter online sneaker raffles. The Nike SNKRS App is the easiest way to get a pair of Dunks before they sell out, as you will enter a raffle online for a chance to purchase the shoes.

At this time, it is more difficult than ever to get a pair of Nike Dunks since so many people want them.

Do Dunks Increase in Price?

Since Nike Dunks are so sought after, they will increase in price. Nike Dunks retail at between $110 and $135, and they can resell for over $250 on the online market place. Since there is a huge demand for Nike Dunks, many people have been reselling their sneakers to make a profit. This has created scarcity in the marketplace and is the main reason why Nike Dunks have increased in price.

Nike Dunks remind me of when Yeezys were the most sought after shoe in 2016. At the time, Kanye West and Adidas took the sneaker world by storm and some pairs of Yeezys were reselling for over $1000.

Overtime, the hype died down and more pairs of Yeezys were released. This lead to the average resale price of Yeezys dropping and even certain pairs sitting on shelves in stores.

It’s only a matter of time until the Nike Dunk hype dies down and it becomes easier and more affordable for a pair of Dunks.

Where Do People Buy Dunks?

Purchasing Nike Dunks is harder than ever. However there are a few different ways to purchase these popular shoes.

Here are 3 ways you can buy a pair of Nike Dunks:

1. In Stores

Since the Nike Dunks are so popular, they often sell out in stores. However, if you’re lucky you can find them at Footlocker, Stadium Goods or the Nike store. It’s important to be aware that it can be hard to find the style and size that you want in store.

2. SNKRS App (raffle)

If you can’t find the right pair of Nike Dunks for you in stores, then you can try entering online raffles. The Nike SNKRS App is the best way to enter raffles and have a chance to purchase a pair of Nike Dunks for retail.

3. Resale Marketplace

If you’re not having any luck in stores or on the Nike SNKRS APP, then you can try the sneaker marketplace. The good thing about resale platforms is that you will be able to find the right style and shoe size for you. However, this can come at a steep price, as Nike Dunks are known to resell at a significantly higher price.

My Advice:

Overall, I recommend checking in stores and on the SNKRS App before purchasing a pair of Dunks from a sneaker reseller. When you purchase a pair of shoes from a reseller, unfortunately you are running the risk of getting ripped off or getting a fake pair of shoes.

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Final Thoughts on Why Nike Dunks Are So Expensive

Since the Nike Dunks have taken the sneaker world by storm, they have definitely become more expensive. Since there is a huge demand and limited quantities, Dunks are pricier than ever.

The average resell price for a pair of Nike Dunks went from being slightly above retail, to hundreds of dollars more than you would pay in stores. Shoe resellers are taking advantage of the hype because they know that sneaker enthusiasts will pay the price.

For now, the iconic sneakers will continue to be expensive until the hype dies down and the sneaker community moves on to a new shoe.

Why Are Nike Dunks So Expensive – Everything You Need to Know