How much does the 2023 BMW X5 cost?

Prices have softened 13.07% compared to this time last year, making it a favorable time to shop this model year.

There are 3,714 listings available, which gives you a meaningful amount of inventory to compare across trims and conditions.

If you find a listing below $41,997.75, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 BMW X5 a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction for this model year.

The 2023 X5 stands out because it blends the practicality of a midsize, two-row, five-passenger SUV with the kind of driving character BMW buyers expect. It is roomy inside, offers outstanding visibility, and has generous cargo space, yet it still aims to feel precise and rewarding on the road. BMW’s rear-wheel-drive platform and available xDrive all-wheel drive help give it a more athletic personality than many luxury SUVs, while the lineup’s inline-six and V8 engine choices give you a wide range of performance.

For you, that means the X5 makes the most sense if you want a premium SUV that can handle daily family duty without feeling dull behind the wheel. 30.5% of listings are priced as good or great deals, so there is still room to shop selectively.

Is the 2023 BMW X5 reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 X5 sits in the fourth generation, which had already brought more room inside and a pair of 12.3-inch digital displays for the instrumentation and iDrive infotainment. The model also benefits from the generation’s broad powertrain spread, including turbocharged inline six-cylinder and V8 engines, plus a plug-in hybrid option. As a used luxury SUV, it is appealing because it combines strong everyday usability with a premium cabin and a reputation for engaging handling.

For used buyers, the main long-term ownership risk is that premium performance and luxury features can still translate into higher repair and maintenance costs over time.

What should I look for when buying a used 2023 BMW X5?

Accident-free inventory is solid at 89.7% — always verify the vehicle history report.

You should start with the history report so you can confirm accident status, title status, and service patterns before you get too far into a deal. After that, prioritize a thorough inspection of the cabin electronics, suspension feel, and cargo-area usability, since this model’s premium features and split tailgate can affect day-to-day ownership. Focus on overall condition and maintenance records, especially if you are considering a higher-mileage example or a more powerful version.

Is now a good time to buy a used 2023 BMW X5?

This is a moderate, selective buyer’s market, so you can shop carefully and still find value.

• Deal availability: 30.5% of listings are priced as good or great deals.
• Inventory: There are 3,714 listings available.
• Price trend: Prices have softened 13.07% compared with last year.
• Clean inventory: 89.7% of listings are accident-free.

If you find a listing below $41,997.75, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW X5's resale value?

The current average of $41,979 sits slightly below last year's $48,292.

That price movement suggests the market has already adjusted downward, which can help you buy at a more favorable entry point today. For a future seller, the current softness means resale value may depend more heavily on condition, mileage, and equipment than on broad market momentum alone. Well-kept examples should still benefit from the X5’s premium image and broad appeal among shoppers who want a luxury SUV with strong driving manners.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 BMW X5 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:

• 30.5% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.7% — always verify the vehicle history report.
• Price trend: Prices have softened 13.07% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $53,152, the 2024 costs more than the current year's $41,979 average.
• It adds about 40 miles of electric-only range in xDrive50e form.

The bottom line: If you want the better value, the 2023 is the smarter starting point because it combines a lower average price with strong satisfaction and solid inventory. If you are willing to pay more for the newer model year and its plug-in hybrid range advantage, the 2024 is the better secondary path for buyers who prioritize that upgrade.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.