The bandwidth of ranging signals used in ranging session in a distributed system are dynamically adjusted based on the accuracy of the ranging over multiple ranging sessions and optionally based on the probability of successful Listen Before Transmit (LBT) procedure over the multiple ranging sessions. The accuracy of the ranging may be determined, e.g., based on the variance of determined ranges over a number of ranging sessions, which may be compared to a threshold to indicate low accuracy ranging. The bandwidth of the ranging signals may be increased based on an indication of low accuracy ranging. If the ranging signals are broadcast on unlicensed spectrum using LBT procedures, the probability of successful LBT procedures by the initiator UE, the responder UEs, or all participating UEs may be used to determine whether bandwidth of the ranging signals should be decreased.