The latest Nintendo Switch OLED price drop is $20 off MSRP today at GameStop, meaning it costs $329.99 instead of $349.99. But there’s a catch to this Switch OLED Model deal: you’ll have to settle for an open box or used version of the portable-and-TV-docked hybrid video game console. It’s tempting if you’re on a budget.

These Nintendo Switch OLED prices do go fast. Over the weekend we also saw an Amazon price drop for a few more dollars, but it didn’t last more than a day. If your heart is set on a new Nintendo Switch OLED, the only deal we could find is from Walmart, which is charging $349 (so $0.99 off list price). Amazon has a higher price at the full $349.99, just like Nintendo does on its official website.

Nintendo Switch OLED price drop

• Amazon Nintendo Switch OLED white – $292.92 used (sold out)

• Amazon Nintendo Switch OLED red and blue – often out of stock

• 🔥 GameStop Nintendo Switch OLED – $329 refurbished or “open-box”

• Walmart Nintendo Switch OLED – $349 new (instead of $349.99)

So far these are the best Nintendo Switch OLED prices, as we haven’t seen the Joy-Con console with an official price drop new and still sealed. However, with so many sales over Black Friday and Cyber Monday last year, you have to imagine that some people returned the Switch OLED Model to GameStop and Amazon. So, consoles listed in either “very good” or “excellent” condition are likely “open box” and will save you $20.

Nintendo Switch OLED restock

We have only seen Nintendo Switch OLED restock regularly in March 2022, with the console available through Amazon, GameStop, Target and some Best Buy stores. This isn’t something Sony can say, even with its official Sony Direct PS5 restock store. The latest PS5 restock update shows both its $499 PS5 Disc and $399 Digital Edition consoles are hard to find in stock and will only get harder when the PSVR 2 pre-order date rolls around. The Xbox Series X restock situation is also touch-and-go in 2022. Supply and demand for the NintendoSiwtch OLED Model was met in March 2022.

Nintendo Switch OLED price: white vs red-blue

The more popular Nintendo Switch OLED Model in white has actually become easier to find in stock for $349.99 than the Neon Red and Neon Blue Switch OLED. It’s the reverse of demand we see between the two current Switch OLED colors. This means Nintendo must be producing more of this Switch OLED color. The Shortcut has reached out to Nintendo for comment.

Best Buy stores, for example, have the white version of the Nintendo Switch OLED in stock today. Meanwhile, most Best Buy stores show that the Red and Blue color is out of stock in many parts of the United States. This is despite the fact that search data suggests that the white version has been twice as popular since its launch.

The Nintendo Switch OLED at Target is also sold out of the red and blue color, while the white version is readily in stock at most, but not all stores in the US. Walmart is experiencing the same restock issues with the Neon Red and Neon Blue version of the Switch OLED, while the white color is readily in stock.

Resellers are pouncing on the opportunity to upsell the Nintendo Switch OLED in Neon Red and Neon Blue, of course. At the time of writing, it’s $389.99 for the console at Walmart, a $40 price increase over the MSRP set by Nintendo. Amazon only sometimes has it in stock for MSRP.

Nintendo Switch OLED price forecast

The fact that the Nintendo Switch OLED price has dropped in March 2022 – even as a used console – is a good sign for consumers. It means demand for the new Switch has decreased dramatically since its peak popularity during Black Friday. Meanwhile, demand for the next Target PS5 restock shows no signs of letting up any time soon.

There’s a very good chance that the global chip shortage could make finding a Switch OLED restock difficult again in the coming weeks and months. But that’s not likely to be a problem until demand surges, likely right before Black Friday deals and Cyber Monday deals in 2022. If you need a Switch OLED Model, get it by October 2022.

The price drop means you’ll be able to save at least $20, a better value than a PS5 Disc, which costs more at either $399 or $499 and isn’t going to be on sale any time soon. With Sony, there’s often a PlayStation Plus discount code (very few of those for Nintendo Online) and PlayStation Plus free games every month. Still, the Switch OLED at $20 off seems like a wiser investment right now, unless you can hold out for official Nintendo Switch 2 news that always appears to be in the offing.