Used 2023 Hyundai IONIQ 5 for Sale nearMemphis, TN

How much does the 2023 Hyundai IONIQ 5 cost?

Prices are up 1.41% year-over-year — a sign of continued demand for this model year.

There are 2,287 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Hyundai IONIQ 5 a good car?

Yes — the 2023 Hyundai IONIQ 5 earns a 4.7/5 user rating, which points to strong owner satisfaction. Owners consistently praise its beautiful design, roomy interior, and impressive range of over 300 miles, and they also like the smooth, quiet ride and advanced technology. For you, that means this model fits especially well if you want an EV that feels practical for everyday use but still stands out visually. With 38.0% of listings marked as good or great deals, you also have a decent chance of finding a competitive offer.

Is the 2023 Hyundai IONIQ 5 reliable?

Owners rate it 4.7/5, a strong signal of long-term satisfaction.

The owner feedback also points to a dependable-feeling ownership experience, with repeated praise for the smooth ride, advanced technology, and overall usability. When drivers consistently describe a car as trouble-free and easy to live with, that usually supports confidence in long-term ownership. For used buyers, the main risk is less about the core appeal and more about making sure the specific vehicle has been cared for well.

What should I look for when buying a used 2023 Hyundai IONIQ 5?

Accident-free inventory is excellent at 93.2% — clean inventory, standard diligence applies.

You should still run a history report on any listing you’re seriously considering, even with a strong accident-free share. Prioritize a pre-purchase inspection so you can check condition, electronics, and overall wear before you commit. Focus especially on comfort-related issues and how the cabin, seats, and entry feel to you in person.

Is now a good time to buy a used 2023 Hyundai IONIQ 5?

This looks like a moderate market, so you can buy now if the right listing appears, but you should still compare carefully.

• Deal availability: 38.0% of listings are priced as good or great deals.
• Inventory: There are 2,287 listings available.
• Price trend: Prices are up 1.41% year-over-year.
• Clean inventory: 93.2% of listings are accident-free.

If you find a listing below $24,253, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Hyundai IONIQ 5's resale value?

The current average of $27,431 sits slightly above last year's $27,049.

That modest increase suggests the model has held buyer interest well, which is a positive sign if you plan to sell later. A stable price trend like this usually means the market still values the IONIQ 5’s design, range, and everyday usability. If demand stays steady, you may have a better chance of preserving value than with a model that has been sliding more sharply.

Vehicles with strong owner satisfaction ratings, like this model year's 4.7/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Hyundai IONIQ 5 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:

• 38.0% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 93.2% — clean inventory, standard diligence applies.
• Price trend: Prices are up 1.41% year-over-year.
• Owners rate it 4.7/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $21,928, the 2022 costs less than the current year's $27,431 average.
• It emphasizes innovation, value, and a spacious, well-equipped cabin.

The 2023 is the better primary choice if you want the stronger current-market balance of satisfaction, inventory, and price stability. If your top priority is spending less up front, the 2022 is the more price-sensitive path and may be worth a closer look.

How does the 2023 Hyundai IONIQ 5 compare to the 2023 Kia EV6?

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.