Used 2023 Hyundai IONIQ 5 for SaleNationwide

How much does the 2023 Hyundai Ioniq 5 cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 2,115 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Hyundai Ioniq 5 a good car?

Yes — the 4.73/5 user rating points to strong owner satisfaction. Owners consistently praise the beautiful design, roomy interior, smooth and quiet ride, and advanced technology. The over-300-mile range also stands out as a practical advantage if you want an EV that works well for everyday driving. For you, that makes it a compelling choice if you want a distinctive electric crossover with real-world usability. With 38.6% 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 4.73/5, a strong signal of long-term satisfaction.

The owner feedback also points to a dependable, trouble-free ownership experience, with praise centered on the smooth ride, advanced technology, and strong range. That kind of consistent satisfaction suggests the car is doing the basics well over time, not just impressing on first drive. For used buyers, the main long-term ownership risk is less about core reliability and more about making sure the specific car has been cared for properly.

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

Accident-free inventory is excellent at 93% — clean inventory, standard diligence applies.

You should still run a history report on any car you’re seriously considering, even when the market looks clean. Prioritize a thorough inspection of the battery-related systems, charging equipment, tires, brakes, and interior condition, since those are the areas most likely to affect your ownership experience. You should also pay close attention to seat comfort and entry and exit ease, especially if those factors matter to you day to day.

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

This is a moderate buyer’s market, so you can be selective without expecting deep distress pricing.

• Deal availability: 38.6% of listings are priced as good or great deals.
• Inventory: There are 2,115 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 93.0% of listings are accident-free.

If you find a listing below $24,246, 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 $27,434 sits slightly below last year's $27,602.

That small decline suggests the market has stayed relatively stable rather than swinging sharply in either direction. For you as a future seller, that can be a good sign because it points to predictable pricing rather than sudden value erosion. Strong owner satisfaction also helps keep demand healthy when it’s time to resell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.73/5, 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:

• 38.6% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 93% — clean inventory, standard diligence applies.
• Price trend: Prices have held steady compared with last year.
• Owners rate it 4.73/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $22,147, the 2022 costs less than the current year's $27,434 average.
• It emphasizes innovation, uniqueness, and mainstream appeal.

The bottom line: If you want the stronger all-around used-buying case, the 2023 is the better target because it combines strong owner satisfaction, stable pricing, and a healthy supply of clean listings. If your priority is spending less up front, the 2022 is the better value-focused alternative, especially if you’re comfortable trading some of the 2023’s market strength for a lower purchase price.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.