Used 2023 BMW X5 for Sale nearNorfolk, VA

How much does the 2023 BMW X5 cost?

Prices have softened 13.17% compared to this time last year, making it a favorable time to shop this model year.

There are 3,601 listings available, which gives you a solid 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 for this model year.

The 2023 X5 is a luxury midsize SUV that leans into BMW’s driving-first identity, while still offering a roomy cabin, outstanding visibility, and generous cargo space. It is also positioned as a practical family SUV rather than an off-road machine, so it fits best if you want comfort, performance, and everyday usability more than trail capability.

With 36.6% of listings marked as good or great deals, you have a meaningful chance to find a competitively priced example.

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 the overview makes clear that reliability is not one of its strongest traits overall. It also notes that V8-powered versions are not fuel-efficient, which can add to ownership costs over time.

For used buyers, that means you should expect higher running costs and focus on examples with clear maintenance history.

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 prioritize a history report first, then inspect the vehicle closely for signs of prior damage, uneven wear, or deferred maintenance. Because this model can carry higher ownership costs, condition matters more than chasing the lowest sticker price.

Pay extra attention to service records, interior wear, and how well the vehicle has been maintained overall.

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

This is a moderate market for selective buyers, so you can shop carefully without feeling rushed.

• Deal availability: 36.6% of listings are priced as good or great deals.
• Inventory: There are 3,601 listings available.
• Price trend: Prices have softened 13.17% compared with last year.
• Clean inventory: 89.7% of listings are accident-free.

If you find a listing below $41,652, 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 $41,652 sits slightly below last year's $47,971.

That price movement suggests the market has already adjusted downward, which can help you buy more affordably now but may also limit upside if you plan to resell soon. If you purchase at the current average or below, you may have less room for appreciation than a buyer did a year ago.

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:

• 36.6% 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 13.17% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,469, the 2024 costs more than the current year's $41,652 average.
• It adds a plug-in hybrid setup with about 40 miles of electric-only range.

The bottom line: If you want the better value today, the 2023 is the stronger buy because pricing has eased and inventory is healthy. If you are willing to pay more for the newer plug-in hybrid setup and its added efficiency, the 2024 is the better alternative for price-insensitive shoppers.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.