Used 2023 BMW X5 for Sale nearChicago, IL

How much does the 2023 BMW X5 cost?

Prices have softened 14.12% compared to this time last year, making it a favorable time to shop this model year.

There are 3,552 listings available, which suggests you have a healthy amount of inventory to compare.

Is the 2023 BMW X5 a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction, and the 2023 X5’s appeal comes from its driving-first identity, roomy two-row cabin, outstanding visibility, and generous cargo space. It is also a practical family SUV rather than an off-road machine, so it fits best if you want luxury comfort and everyday usability instead of trail-focused capability. The broad powertrain range, including plug-in hybrid versions and high-performance M hardware, gives you flexibility if you want to prioritize efficiency, performance, or a mix of both. 37.2% of listings are priced as good or great deals, which gives you some 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’s ownership story is mixed, and reliability is not a strong point overall. You should expect higher running costs, especially if you choose a V8-powered version, which is also not fuel-efficient. For used buyers, that means long-term ownership risk is best managed by focusing on maintenance history and overall condition.

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

Accident-free inventory is solid at 89.4% — always verify the vehicle history report.

You should prioritize a full history report, especially if you are comparing multiple listings with similar prices. A pre-purchase inspection matters here because the X5’s premium hardware and higher running-cost profile make condition more important than mileage alone. Focus on maintenance records, signs of deferred service, and whether the vehicle has been cared for consistently.

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

This is a moderate buyer’s market, so you can be selective if you shop carefully.

• Deal availability: 37.2% of listings are priced as good or great deals.
• Inventory: There are 3,552 listings available.
• Price trend: Prices have softened 14.12% compared with last year.
• Clean inventory: 89.4% of listings are accident-free.

If you find a listing below $41,117, 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 $41,117 sits slightly below last year's $47,880.

That price decline suggests the market has already adjusted downward, which can help you buy at a more favorable entry point. For a future seller, it also means resale value may depend more heavily on condition, maintenance, and trim desirability than on age alone. Well-kept examples should still attract attention, but you should expect buyers to be price-sensitive if the vehicle shows wear or lacks service documentation.

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:

• 37.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 89.4% — always verify the vehicle history report.
• Price trend: Prices have softened 14.12% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,090, the 2024 costs more than the current year's $41,117 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 stronger starting point because it combines a lower average price with solid deal availability. If you are willing to pay more for newer-model pricing and the added plug-in hybrid range, the 2024 is the better secondary path for shoppers who want that efficiency advantage.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.