Used 2023 BMW X5 for Sale near Illinois

How much does the 2023 BMW X5 cost?

Prices have softened 15.00% compared to this time last year, making it a favorable time to shop this model year.

There are 3,515 listings available, which suggests solid inventory for shoppers comparing prices and trims.

Is the 2023 BMW X5 a good car?

Yes — the 2023 BMW X5 earns a 4.8/5 user rating, which supports its appeal as a luxury midsize SUV that still leans into BMW’s driving-first reputation. The overview points to a roomy cabin, outstanding visibility, generous cargo space, and a comfortable interior, while also emphasizing handling precision that helps it feel more engaging than many SUVs in its class. For you, that means it fits well if you want everyday usability without giving up a more connected driving feel. Deal availability is decent, with 38.6% of listings marked as good or great deals.

Is the 2023 BMW X5 reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The overview also says reliability is unimpressive overall, so you should approach used examples with a careful maintenance mindset. That makes service records, prior care, and current condition especially important if you want to reduce long-term ownership risk.

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

Accident-free inventory is solid at 88% — always verify the vehicle history report.

You should still run a history report on any candidate and confirm there are no hidden accident or title issues. Put inspection priority on maintenance condition, since the overview suggests buyers are best served by newer, properly maintained examples. Focus on signs of deferred upkeep, because ownership costs can rise if repairs have been postponed.

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

This looks like a moderate, selective buyer’s market, so you have room to compare listings and wait for the right one.

• Deal availability: 38.6% of listings are priced as good or great deals.
• Inventory: There are 3,515 listings available.
• Price trend: Prices have softened 15.00% compared with last year.
• Clean inventory: 88.0% of listings are accident-free.

If you find a listing below $39,690, 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 $39,690 sits slightly below last year's $46,693.

That price movement suggests the market has already adjusted downward, which can help you as a buyer now but may temper near-term resale upside if you plan to sell soon. For a future seller, the key is to buy well and keep the vehicle in strong condition so you preserve as much value as possible. Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, 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:

• 38.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 88% — always verify the vehicle history report.
• Price trend: Prices have softened 15.00% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $50,361, the 2024 costs more than the current year's $39,690 average.
• It adds a plug-in hybrid option with about 40 miles of electric-only range.

The bottom line: The 2023 is the better value if you want a well-liked X5 at a much lower used price, especially if you prioritize deal availability and a softer market. If you can stretch for a newer model and want the plug-in hybrid option, the 2024 is the stronger secondary path.

How does the 2023 BMW X5 compare to the 2023 Mercedes-Benz GLE?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.