Is a used IPhone 5 worth $400?

So I was going through EBay and saw that most "used" IPhone 5's (Not talking about the 5c or the 5s) are about $400.Is that a reasonable price? Or should I get the 4s?
BQ: is the iPhone 5 worth the camera and extra half inch length?

Nah save your money

It depends on the person who wants the phone. Personally I have never spent over $80 on a cell phone and I don't ever plan to. I will keep getting old models that are being phased out.

Its worth about $250. I sold mine for $250 on craigslist last week to get the 5s new. The iphone 5s used is $400.

It depends on the condition of the phone. Most used iPhone 5 are in awful condition because of their vulnerable chamfered edges that are prone to nicks and chips right out of the box. It's more noticible on the Black & Slate model. Make sure you look at the pictures.

The iphone 5 is actually a lot better than the 4s. It has the 4-inch Retina display, A6 Chip, FaceTime HD camera, Lightning connector & EarPods, LTE connectivity, improved 8MP iSight camera, and longer battery life.

It is about that price. I think.