Used 2023 BMW 5 Series for Sale nearChicago, IL
Shop with transparent pricing.
Only show listings that include dealer fees- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Black Sapphire Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 38,934
- Stock #:
- PH2106
- VIN:
- WBA13BJ03PWY19949
Sponsored by Guaranteed Motor Cars
2023 BMW 5 Series
530i xDrive AWD
38,934 mi
$35,278
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 523 hp 4.4L V8
- Exterior color:
- Tanzanite Blue II Metallic
- Combined gas mileage:
- 21 MPG
- Fuel type:
- Gasoline
- Interior color:
- Cognac
- Transmission:
- 8-Speed Automatic
- Mileage:
- 39,429
- Stock #:
- B6556P
- VIN:
- WBA13BK02PCL60400
Sponsored Listing
2023 BMW 5 Series
M550i xDrive AWD
39,429 mi
$57,066
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Phytonic Blue Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Brown (Canberra Beige)
- Transmission:
- Automatic
- Mileage:
- 19,291
- Stock #:
- PH2098
- VIN:
- WBA13BJ0XPWY13274
Sponsored Listing
2023 BMW 5 Series
530i xDrive AWD
19,291 mi
$38,878
- Year:
- 2024
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 255 hp 2L I4
- Exterior color:
- Mineral White Metallic
- Combined gas mileage:
- 31 MPG
- Fuel type:
- Gasoline
- Interior color:
- Burgundy Red
- Transmission:
- 8-Speed Automatic
- Mileage:
- 41,741
- Stock #:
- E2750A
- VIN:
- WBA53FJ09RCP76778
2024 BMW 5 Series
530i xDrive AWD
41,741 mi
$35,366
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 523 hp 4.4L V8
- Exterior color:
- Gray (Dark Graphite Metallic)
- Combined gas mileage:
- 21 MPG
- Fuel type:
- Gasoline
- Interior color:
- Cognac
- Transmission:
- 8-Speed Automatic
- Mileage:
- 18,350
- Stock #:
- PIA3284
- VIN:
- WBA13BK01PCM17816
2023 BMW 5 Series
M550i xDrive AWD
18,350 mi
$60,412
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Alpine White
- Combined gas mileage:
- 29 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 45,807
- Stock #:
- PWX99526K
- VIN:
- WBA53BH06PWX99526
-$2,000
2023 BMW 5 Series
530i RWD
45,807 mi
$31,497
$29,497
- Year:
- 2024
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 255 hp 2L I4
- Exterior color:
- White Metallic
- Combined gas mileage:
- 31 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 35,236
- Stock #:
- F6759W
- VIN:
- WBA53FJ05RCS52284
2024 BMW 5 Series
530i xDrive AWD
35,236 mi
$38,581
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 335 hp 3L I6
- Exterior color:
- Black Sapphire Metallic
- Combined gas mileage:
- 25 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 43,775
- Stock #:
- B6443P
- VIN:
- WBA73BJ0XPWY03998
2023 BMW 5 Series
540i xDrive AWD
43,775 mi
$40,318
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Alpine White
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 48,827
- Stock #:
- 9679X
- VIN:
- WBA13BJ03PWY16131
-$700
2023 BMW 5 Series
530i xDrive AWD
48,827 mi
$30,000
$29,300
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Gray
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 30,966
- Stock #:
- B47724A
- VIN:
- WBA13BJ00PWX86814
2023 BMW 5 Series
530i xDrive AWD
30,966 mi
$35,901
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Skyscraper Gray Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 50,569
- Stock #:
- BF19580
- VIN:
- WBA13BJ05PWX90891
-$800
2023 BMW 5 Series
530i xDrive AWD
50,569 mi
$35,790
$34,990
- Year:
- 2022
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Gray (Dark Graphite Metallic)
- Combined gas mileage:
- 29 MPG
- Fuel type:
- Gasoline
- Interior color:
- Cognac
- Transmission:
- 8-Speed Automatic
- Mileage:
- 35,444
- Stock #:
- NWX55235
- VIN:
- WBA53BH0XNWX55235
2022 BMW 5 Series
530i RWD
35,444 mi
$29,244
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Alpine White
- Combined gas mileage:
- 29 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 23,041
- Stock #:
- PH2100
- VIN:
- WBA53BH02PCN68849
2023 BMW 5 Series
530i RWD
23,041 mi
$37,878
CarGurus Analysis:
2023 BMW 5 Series
With 211 currently listed for sale near Chicago, IL and an average price of $39,875, 46.9% of 2023 BMW 5 Series models for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2023 BMW 5 Series 5 / 5 stars.
100.0% of 2023 BMW 5 Series models on CarGurus are accident free.
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Alpine White
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Cognac
- Transmission:
- 8-Speed Automatic
- Mileage:
- 37,091
- Stock #:
- BG7262A
- VIN:
- WBA13BJ08PCN26226
2023 BMW 5 Series
530i xDrive AWD
37,091 mi
$34,300
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Black Sapphire Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 38,934
- Stock #:
- PH2106
- VIN:
- WBA13BJ03PWY19949
2023 BMW 5 Series
530i xDrive AWD
38,934 mi
$35,278
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Mineral White Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Brown (Canberra Beige)
- Transmission:
- 8-Speed Automatic
- Mileage:
- 27,655
- Stock #:
- PITY04103
- VIN:
- WBA13BJ04PWY04103
2023 BMW 5 Series
530i xDrive AWD
27,655 mi
$37,122
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- White
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Transmission:
- Automatic
- Mileage:
- 35,215
- Stock #:
- B48411A
- VIN:
- WBA13BJ09PCM47678
2023 BMW 5 Series
530i xDrive AWD
35,215 mi
$36,601
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 335 hp 3L I6
- Exterior color:
- Carbon Black Metallic
- Combined gas mileage:
- 25 MPG
- Fuel type:
- Gasoline
- Interior color:
- Cognac
- Transmission:
- 8-Speed Automatic
- Mileage:
- 40,119
- Stock #:
- B25004LA
- VIN:
- WBA73BJ01PWY00407
2023 BMW 5 Series
540i xDrive AWD
40,119 mi
$47,906
- Year:
- 2024
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 255 hp 2L I4
- Exterior color:
- Mineral White Metallic
- Combined gas mileage:
- 31 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- Automatic
- Mileage:
- 38,102
- Stock #:
- N26895B
- VIN:
- WBA53FJ01RCS35207
-$999
2024 BMW 5 Series
530i xDrive AWD
38,102 mi
$35,345
$34,346
- Year:
- 2022
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- Rear-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Gray (Dark Graphite Metallic)
- Combined gas mileage:
- 29 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 33,409
- Stock #:
- X82469
- VIN:
- WBA53BH05NWX82469
2022 BMW 5 Series
530i RWD
33,409 mi
$32,226
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 523 hp 4.4L V8
- Exterior color:
- Black Sapphire Metallic
- Combined gas mileage:
- 21 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 26,608
- Stock #:
- K1127
- VIN:
- WBA13BK01PCN77078
2023 BMW 5 Series
M550i xDrive AWD
26,608 mi
$57,853
- Year:
- 2022
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 523 hp 4.4L V8
- Exterior color:
- Carbon Black Metallic
- Combined gas mileage:
- 21 MPG
- Fuel type:
- Gasoline
- Interior color:
- Black
- Transmission:
- 8-Speed Automatic
- Mileage:
- 40,297
- Stock #:
- V4088
- VIN:
- WBA13BK01NCJ98028
2022 BMW 5 Series
M550i xDrive AWD
40,297 mi
$48,180
- Year:
- 2023
- Make:
- BMW
- Model:
- 5 Series
- Body type:
- Sedan
- Doors:
- 4 doors
- Drivetrain:
- All-Wheel Drive
- Engine:
- 248 hp 2L I4
- Exterior color:
- Skyscraper Gray Metallic
- Combined gas mileage:
- 27 MPG
- Fuel type:
- Gasoline
- Interior color:
- Cognac
- Transmission:
- Automatic
- Mileage:
- 23,108
- Stock #:
- PH2094
- VIN:
- WBA13BJ04PWY23900
Sponsored Listing
2023 BMW 5 Series
530i xDrive AWD
23,108 mi
$37,278
CarGurus Analysis: 2023 BMW 5 Series
Summary
With 211 currently listed for sale near Chicago, IL and an average price of $39,875, 46.9% of 2023 BMW 5 Series models for sale on CarGurus are rated as good or great deals.
Favorably reviewed: Owners rated the 2023 BMW 5 Series 5 / 5 stars.
100.0% of 2023 BMW 5 Series models on CarGurus are accident free.
Why it stands out
The 2023 BMW 5 Series is part of the seventh-generation G30 lineup, which is described as a comfortable luxury sedan with a little bit of verve rather than the driver’s car it once was. It still carries the 5 Series’ traditional appeal as a midsize luxury sedan with performance roots, but this generation is more subdued in character and styling than earlier versions. Buyers also get a broad spread of powertrains, from the 530i’s 2.0-liter four-cylinder with 248 horsepower and 258 pound-feet of torque to the 540i’s 3.0-liter twin-turbo inline six with 335 horsepower and 332 pound-feet of torque, plus xDrive availability on both. For shoppers who want more efficiency or more punch, the lineup also includes the 530e plug-in hybrid, the 540d diesel, and the M550i xDrive, which uses a 4.4-liter turbocharged V8 with 456 horsepower and 480 pound-feet of torque.
This generation also stands out for its mix of technology and safety equipment. BMW added the 530e, 540d, and M550i in 2018, and in 2019 it killed the diesel model and the Apple CarPlay subscription fee, although Android Auto was still unavailable. The 2021 facelift brought a tweaked front end and a larger infotainment touchscreen, while the plug-in hybrid gained a power bump to 288 ponies and the 540i received a mild-hybrid system for improved efficiency and better stop/start performance. Standard safety equipment is generous, including blind spot monitoring, lane departure warnings with lane keep assist, rear cross-traffic alerts, traffic sign recognition, and automatic high beams, though some of BMW’s best systems remain optional.
For buyers, the 2023 5 Series offers a lot of luxury and capability, but it is not as engaging as older 5 Series models. Reviewers noted that the steering and suspension in the 530i, 540d, and 540i do not create as engaging a drive as earlier versions and that the car feels heavy. Even so, it remains more fun than many of its staid competitors, and its much better reliability record than the earlier F10 generation adds some peace of mind. It is also still expensive, with used examples typically commanding strong prices, especially for the M550i.
Other model years to consider
- Average price: $37,463
- Good/great deal percentage: 46.4%
- User rating: 5 / 5
- Total listings: 237
- Average price: $20,904
- Good/great deal percentage: 30.0%
- User rating: 4.95 / 5
- Total listings: 217
- Average price: $22,276
- Good/great deal percentage: 39.5%
- User rating: 5 / 5
- Total listings: 177
This analysis is based on CarGurus' proprietary market data from September 8, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
5.0 Overall rating
Filter by rating
Scott V
Reviewed a 2023 BMW 5 Series on May 15, 2026
Great car and good mix of features and an exceptional ride.
Paul C
Reviewed a 2023 BMW 540i RWD on Feb 11, 2024
The 540i with M Sport, Shadowline and Executive packages checks a lot of boxes. Power and quickness to spare, excellent mileage for a sport sedan, luxurious interior and a topflight sound system. Its practical, comfortable and speedy. Many reviewers bemoan the muted steering feedback in this generation of bimmers and theyre not wrong. But this isnt a sports car and it isnt lightweight. It a smooth operator running on what feels like an underrated 335 hp B58 engine. Feels closer to 375 the way is launches from a standstill or leaps from 70 to 85 on the freeway. This is my third 5 series over a span of 15 years with a couple of other cars in between, and its the most refined yet.
Lucas S
Reviewed a 2023 BMW 5 Series on Feb 29, 2024
Love the gas mileage of the hybrid. Super comfortable and quiet.
Compare 2023 BMW 5 Series Trims in Chicago, IL
The 2023 BMW 5 Series offers a range of trims from budget-friendly hybrids to performance-oriented models, catering to diverse preferences and needs.
- Starting at $27,995
- Best MPG/MPGe: 59 city / 72 hwy
- Most Popular: 530i xDrive AWD
Trim Overview
Prices updated weekly from CarGurus listings.
| 530i RWD | 530e Hybrid Plug-in RWD | 530i xDrive AWD (Most Popular) | 530e xDrive Hybrid Plug-in AWD | 540i RWD | 540i xDrive AWD | M550i xDrive AWD | |
|---|---|---|---|---|---|---|---|
| Starting MSRP | $56,000 | $57,600 | $58,300 | $59,900 | $62,900 | $65,200 | $81,500 |
| Avg. Market Price | $37,500 | $27,995 | $35,244 | $34,260 | $39,443 | $42,773 | $58,617 |
| Positioning | Best value | Standard | AWD for less | AWD for less | Standard | Sport + AWD | Trail-ready |
| Standout Features | Bluetooth, Navigation System, Heated Seats | Blind Spot Monitoring, Backup Camera, Heated Seats | Backup Camera, Navigation System, Heated Seats | Bluetooth, Navigation System, Heated Seats | Blind Spot Monitoring, Navigation System, Heated Seats | Backup Camera, Navigation System, Heated Seats | Leather Seats, Navigation System, Adaptive Suspension |
| Drivetrain | RWD | RWD | AWD | AWD | RWD | AWD | AWD |
| Listings Available | 83 | 24 | 85 | 8 | 29 | 44 | 33 |
Quick Compare Table
Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.
| 530i RWD | 530e Hybrid Plug-in RWD | 530i xDrive AWD | 530e xDrive Hybrid Plug-in AWD | 540i RWD | 540i xDrive AWD | M550i xDrive AWD | |
|---|---|---|---|---|---|---|---|
| AI Summary | Best value for a luxury sedan | Most affordable hybrid option | Popular choice with AWD | Efficient hybrid with AWD | Strong performance in RWD | Sporty AWD performance | High-powered luxury performance |
| Avg. Market Price | $37,500 | $27,995 | $35,244 | $34,260 | $39,443 | $42,773 | $58,617 |
| MSRP | $56,000 | $57,600 | $58,300 | $59,900 | $62,900 | $65,200 | $81,500 |
| Engine | 2.0L 248 hp I4 | 2.0L 288 hp I4 Hybrid | 2.0L 248 hp I4 | 2.0L 288 hp I4 Hybrid | 3.0L 335 hp I6 | 3.0L 335 hp I6 | 4.4L 523 hp V8 |
| Drivetrain | RWD | RWD | AWD | AWD | RWD | AWD | AWD |
| MPG/MPGe (City/Hwy) | 25/33 | 59/72 | 23/32 | 59/67 | 25/32 | 22/29 | 17/25 |
| Bluetooth | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Backup Camera | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Navigation System | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Blind Spot Monitoring | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Android Auto | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CarPlay | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Heated Seats | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Remote Start | ✓ | — | ✓ | — | — | ✓ | ✓ |
| Parking Sensors | ✓ | ✓ | ✓ | ✓ | ✓ | — | — |
| Leather Seats | — | — | — | — | — | — | ✓ |
| Adaptive Suspension | — | — | — | — | — | — | ✓ |
| Active Listings | 83 | 24 | 85 | 8 | 29 | 44 | 33 |
Missing data displayed as "—".
Trim Deep Dives
530i RWD — "Who It's For"
The 530i RWD is the pick for shoppers who want a luxury sedan experience without the higher price of AWD options.
- Avg. market price: $37,500 (updated weekly)
- MPG/MPGe: 25 city / 33 hwy
- Inventory: 83 listings
- View 530i RWD listings
530e Hybrid Plug-in RWD — "Who It's For"
The 530e Hybrid Plug-in RWD is the pick for shoppers who want an eco-friendly option without sacrificing luxury features.
- Avg. market price: $27,995 (updated weekly)
- MPG/MPGe: 59 city / 72 hwy
- Inventory: 24 listings
- View 530e Hybrid Plug-in RWD listings
530i xDrive AWD — "Who It's For"
The 530i xDrive AWD is the pick for shoppers who want all-wheel drive capability without a significant price increase.
- Avg. market price: $35,244 (updated weekly)
- MPG/MPGe: 23 city / 32 hwy
- Inventory: 85 listings
- View 530i xDrive AWD listings
530e xDrive Hybrid Plug-in AWD — "Who It's For"
The 530e xDrive Hybrid Plug-in AWD is the pick for shoppers who want hybrid efficiency combined with all-wheel drive performance.
- Avg. market price: $34,260 (updated weekly)
- MPG/MPGe: 59 city / 67 hwy
- Inventory: 8 listings — lower availability; may limit negotiating room
- View 530e xDrive Hybrid Plug-in AWD listings
540i RWD — "Who It's For"
The 540i RWD is the pick for shoppers who want a powerful engine and luxury features without the AWD premium.
- Avg. market price: $39,443 (updated weekly)
- MPG/MPGe: 25 city / 32 hwy
- Inventory: 29 listings
- View 540i RWD listings
540i xDrive AWD — "Who It's For"
The 540i xDrive AWD is the pick for shoppers who want a sporty driving experience with the added confidence of all-wheel drive.
- Avg. market price: $42,773 (updated weekly)
- MPG/MPGe: 22 city / 29 hwy
- Inventory: 44 listings
- View 540i xDrive AWD listings
M550i xDrive AWD — "Who It's For"
The M550i xDrive AWD is the pick for shoppers who want top-tier performance and luxury in a single package.
- Avg. market price: $58,617 (updated weekly)
- MPG/MPGe: 17 city / 25 hwy
- Inventory: 33 listings
- View M550i xDrive AWD listings
Trim Recommendations
Most Popular — 530i xDrive AWD
With 85 active listings, the 530i xDrive AWD is the clear volume leader in the lineup.
Browse 530i xDrive AWD listings
Best Budget Option — 530e Hybrid Plug-in RWD
At $27,995 avg market price — below the lineup median of $37,500 — it's the most accessible entry point.
Browse 530e Hybrid Plug-in RWD listings
Best for Fuel Economy — 530e Hybrid Plug-in RWD
With an impressive 59 city / 72 hwy MPG/MPGe, the 530e Hybrid Plug-in RWD excels in efficiency.
Browse 530e Hybrid Plug-in RWD listings
These recommendations are based on CarGurus' proprietary market data from September 2, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
2023 BMW 5 Series Price Trends
CarGurus tracks the prices of millions of used car listings every year. See how the average price of 2023 BMW 5 Series prices has changed over time.
See more price trends2023 BMW 5 Series Pricing Analysis: Chicago, IL Market Report
Pricing by Nearby Locations
Market Area: Chicago, IL
Key Insights
- Highest Prices in Janesville, WI: The market in Janesville commands the highest average price at $57,444, likely due to limited inventory and higher demand for luxury vehicles.
- Lowest Prices in Palatine, IL: Conversely, Palatine offers the lowest average price at $40,141, indicating a more competitive market with higher inventory levels.
- Price Variation Across Cities: The average prices range from $39,390 in Kalamazoo, MI to $57,444 in Janesville, WI, suggesting significant regional demand differences and varying supply dynamics.
City-Level Pricing
| City | Total Listings | Avg Price |
|---|---|---|
| Janesville, WI | 157 | $57,444 |
| Rockford, IL | 146 | $53,974 |
| Kenosha, WI | 182 | $42,437 |
| Milwaukee, WI | 154 | $42,259 |
| South Bend, IN | 152 | $40,000 |
| Palatine, IL | 204 | $40,141 |
| Aurora, IL | 203 | $39,780 |
| Holland, MI | 155 | $40,819 |
| Kalamazoo, MI | 160 | $39,390 |
| Lafayette, IN | 167 | $43,024 |
Pricing by Trim Packages
Key Insights
- Most Common Trim: The 530i xDrive AWD is the most prevalent trim with 95 listings, indicating strong demand for AWD capabilities in the Chicago area.
- Price Range Across Trims: The M550i xDrive AWD is the highest priced trim at $81,500 MSRP, reflecting its premium features and performance, while the 530e Hybrid Plug-in RWD offers a more economical option at $57,600 MSRP.
- AWD vs RWD Demand: AWD trims dominate the inventory, suggesting a preference for all-weather capability among Chicago shoppers.
Trim-Level Details
| Trim | Listings | MSRP | Drivetrain | Engine |
|---|---|---|---|---|
| 530i RWD | 85 | $56,000 | RWD | 2.0L 248 hp I4 |
| 530i xDrive AWD | 95 | $58,300 | AWD | 2.0L 248 hp I4 |
| 540i xDrive AWD | 48 | $65,200 | AWD | 3.0L 335 hp I6 |
| 540i RWD | 29 | $62,900 | RWD | 3.0L 335 hp I6 |
| M550i xDrive AWD | 33 | $81,500 | AWD | 4.4L 523 hp V8 |
| 530e Hybrid Plug-in RWD | 18 | $57,600 | RWD | 2.0L 288 hp I4 Hybrid |
| 530e xDrive Hybrid Plug-in AWD | 10 | $59,900 | AWD | 2.0L 288 hp I4 Hybrid |
Pricing Analysis by Model Year
Key Insights
- New Models at a Premium: The 2027 BMW 5 Series is priced at $68,966, reflecting a 13.9% premium over its MSRP, indicating strong demand for the latest model.
- Significant Depreciation for Older Models: The 2015 BMW 5 Series shows the steepest depreciation at -80.0% compared to its original MSRP, highlighting the rapid value loss typical of luxury vehicles.
- Best Value in Recent Models: The 2025 and 2024 models are priced significantly lower than their original MSRPs, at $42,645 and $40,794, respectively, making them attractive options for buyers seeking value.
Model Year Pricing
| Model Year | Original MSRP | Avg Price | Price vs MSRP |
|---|---|---|---|
| 2027 | $60,500 | $68,966 | +13.9% |
| 2026 | $60,500 | $61,272 | +1.3% |
| 2025 | $58,700 | $42,645 | -27.4% |
| 2024 | $57,900 | $40,794 | -29.5% |
| 2022 | $54,200 | $37,386 | -30.9% |
| 2021 | $54,200 | $29,702 | -45.5% |
| 2020 | $53,900 | $22,743 | -57.8% |
| 2019 | $53,400 | $22,781 | -57.4% |
| 2018 | $52,650 | $20,673 | -60.8% |
| 2017 | $51,200 | $17,761 | -65.3% |
| 2016 | $50,200 | $13,829 | -72.5% |
| 2015 | $49,950 | $9,956 | -80.0% |
These recommendations are based on CarGurus' proprietary market data from September 10, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
How much does the 2023 BMW 5 Series cost?
| Metric | Value |
|---|---|
| Current Average Price | $38,493 |
| Year-Round Low | $38,486 |
| Year-Round High | $41,035 |
| Average Price a Year Ago | $41,021 |
| Change vs. Last Year | −6.16% |
Prices have softened 6.16% compared to this time last year, making it a favorable time to shop this model year.
There are 1,395 listings available, which gives you a meaningful amount of inventory to compare.
Is the 2023 BMW 5 Series a good car?
Yes — the 5/5 user rating points to strong owner satisfaction. The 2023 BMW 5 Series is described as a comfortable luxury sedan with a little bit of verve, and it still keeps the midsize luxury-sedan appeal that made the nameplate popular. It also offers a broad spread of powertrains and a strong mix of technology and safety equipment, so you can shop it for comfort, capability, or a bit more performance. With 35.3% of listings marked as good or great deals, you have some room to shop selectively.
Is the 2023 BMW 5 Series reliable?
Owners rate it 5/5, a strong signal of long-term satisfaction.
The 2023 5 Series is described as having a better reliability record than the earlier F10 generation, which should give you more confidence than older versions of the model. It also pairs that improvement with generous standard safety equipment, which adds to the sense that this is a well-rounded used luxury sedan. For used buyers, the main long-term ownership risk is paying premium-car money for a vehicle that can still be costly to keep in top condition.
What should I look for when buying a used 2023 BMW 5 Series?
Accident-free inventory is solid at 89% — always verify the vehicle history report.
You should still check the history report carefully, even when the market looks clean, because a used luxury sedan can hide expensive past damage. Put inspection priority on overall condition, especially signs of wear that could affect comfort, electronics, or drivability. Focus on how the car presents as a whole, since this model year is meant to deliver a premium experience rather than a stripped-down commute.
Is now a good time to buy a used 2023 BMW 5 Series?
This looks like a moderate market where selective buyers can still find value if they shop carefully.
- Deal availability: 35.3% of listings are priced as good or great deals.
- Inventory: There are 1,395 listings available.
- Price trend: Prices have softened 6.16% compared with last year.
- Clean inventory: 89.0% of listings are accident-free.
If you find a listing below $38,486, that's toward the low end of the year-round range and worth acting on quickly.
What is the 2023 BMW 5 Series's resale value?
The current average of $38,493 sits slightly below last year's $41,021.
That price movement suggests the market has eased, which can help you buy more carefully now but may also limit short-term upside if you plan to resell soon. For a future seller, the good news is that the model still has broad appeal as a luxury sedan with multiple powertrain choices and strong safety equipment. The challenge is that used examples already command strong prices, so resale performance will depend heavily on condition, mileage, and how well the car has been maintained.
Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.
Should I buy a 2023 BMW 5 Series or consider a different year?
If you're weighing the 2023 against nearby model years, here's how to think about it:
Choose the 2023 if:
- 35.3% of listings are priced as good or great deals.
- Accident-free inventory is solid at 89% — always verify the vehicle history report.
- Price trend: Prices have softened 6.16% compared with last year.
- Owners rate it 5/5 — a strong satisfaction signal.
Consider the 2024 if:
- At $44,748, the 2024 costs more than the current year's $38,493 average.
- It emphasizes comfort, quietness, and a more modern feel.
The bottom line: You should start with the 2023 if you want the better value and a wider pool of listings to compare. If your budget is flexible and you care more about the newer redesign and its comfort-focused character, the 2024 is the secondary path to consider. For price-sensitive buyers, the 2023 is the smarter first stop because it combines a lower average price with meaningful inventory and a softer market.
These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.
*CarGurus meticulously monitors the prices of millions of pre-owned vehicle listings, offering users precise and up-to-date market insights. Historical pricing data excludes any additional dealer fees as of May 3, 2026.
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