The Final Four 2016
With Selection Sunday quickly approaching, we are starting to get a good sense of how ticket prices will at least start out for the Final Four. While the teams playing in the game will certainly have a major impact on the amount of demand for tickets, for now we can at least look at how the market is trending.
Currently the strip of tickets that allows entry to both the Semifinal games and the National Championship is reselling for an average of $749. However, prices do currently start below $400.
Looking at prices for tickets to just the National Championship Game, tickets currently run an average of $409 each, with the cheapest tickets going for around $200. With so much uncertainty around who the best team in the country is, the market is almost certainly going to move in one direction or another as the tournament progresses.
If you just want tickets to the two semifinal games, those will run you an average of $422 right now, with the cheapest tickets going for around $225. If you're wondering why this session costs more than the National Championship Game, keep in mind that the semifinals includes tickets to two games.
Historical Ticket Prices
The culmination of weeks of March Madness begins on April 2 with the Final Four. The two national championship semifinal games will be played in NRG Stadium in Houston. Which teams will get the chance to play is anyone's guess, so fans tend to wait until the Regional Championships have concluded before making the investment. A ticket to see both of last year's Final Four games cost an average of $897. A ticket to see both Final Four games in 2014 cost an average of $608 on the secondary market. The 2013 Final Four was the most expensive since SeatGeek started collecting data on the tournament; that year fans paid an average of $743 to see Michigan beat Syracuse and Wichita State lose to Louisville. Three of the biggest programs in college basketball and an amazing Cinderella story in Wichita State contributed to making 2013 such an outlier. Conversely, the 2012 Final Four was the least expensive Final Four matchup in the past five years where fans paid just $358 on average to see both games. Because Kentucky and Louisville play each other every year, fans were not excited to see their matchup in the Final Four. As a general guideline, Final Four Tickets will be the most expensive when historically dominant teams make the semifinals while upsets by mid-tier competitors tend to deflate ticket prices.