Used 2023 BMW X5 for Sale nearPhoenix, AZ

How much does the 2023 BMW X5 cost?

Prices have softened 13.42% compared to this time last year, making it a favorable time to shop this model year.

There are 3,540 listings available, which gives you a solid pool of options to compare on price and condition.

Is the 2023 BMW X5 a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction. The 2023 X5 is a luxury midsize SUV that still leans into BMW’s driving-first identity, while also giving you a roomy cabin, outstanding visibility, and generous cargo space. It is best suited to family use and moderately challenging trails rather than off-road duty, so it makes the most sense if you want a premium SUV that balances practicality with a more engaging driving feel. With 39.3% of listings marked as good or great deals, you have a meaningful chance to find a competitive price.

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. BMW’s broad powertrain lineup gives you flexibility, but it also means you should pay close attention to how each example was maintained and used. For used buyers, the main long-term risk is ending up with a higher-cost ownership experience if the vehicle has been neglected or driven hard.

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 focus on a pre-purchase inspection from a shop that knows luxury SUVs. Pay close attention to maintenance records, signs of prior bodywork, and the condition of high-cost systems that can affect ownership expenses. Because this model can carry higher running costs, a clean, well-documented example is worth more than a cheaper one with gaps in its service history.

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

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

• Deal availability: 39.3% of listings are priced as good or great deals.
• Inventory: There are 3,540 listings available.
• Price trend: Prices have softened 13.42% compared with last year.
• Clean inventory: 89.7% of listings are accident-free.

If you find a listing below $41,501, 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 $41,501 sits slightly below last year's $47,935.

That price movement suggests the market has already adjusted downward, which can help you as a buyer but may temper near-term resale upside if you purchase at the wrong price. For a future seller, the key is buying well and keeping the vehicle in strong condition so you have less depreciation to absorb later. A clean history and documented care matter more when the market is already softer.

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:

• 39.3% 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 13.42% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $52,338, the 2024 costs more than the current year's $41,501 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, the 2023 is the stronger starting point because it combines a lower average price with solid deal availability. If you are willing to spend more for the newer model’s plug-in hybrid efficiency, the 2024 is the better secondary path for price-sensitive buyers who still want the X5 formula.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.