You can get an older model for that price. I tried selling my Hoyt Raider (circa 2000) for $95 on Craig's list and nobody even called. Check Craig's list. Then do some research on the bow to see if it has been at least usable. My bow is usable and I have gotten plenty of deer with it, but does not work well in cold weather so I am ditching it and got a crossbow.
Watch out though - you will also see some real pieces of junk listed. A good place to get some info would be right here. Find a few bows listed for sale in your area and then post the info - chances are someone here has used the bow and can tell you if it is OK.