New hardwood pallets sell for around $8-10, reconditioned for around $4-$6. Nearly 50 percent of all wooden pallets are designed to make just one trip, and the average lifespan is 1.7 trips before being discarded. Damaged Pallets unable to be repaired are commonly turned into wood chips for use as landscape mulch, animal bedding, compost, soil amendment, or core material for particle board.