Used 2023 Hyundai Ioniq 5 for Sale nearPhoenix, AZ

How much does the 2023 Hyundai Ioniq 5 cost?

Prices have softened 1.93% compared to this time last year, making it a favorable time to shop this model year.

There are 1,980 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 4.73/5 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 it fits especially well if you want an EV that feels practical for everyday use but still stands out visually. With 37.6% of listings marked as good or great deals, there’s also a decent amount of market opportunity if you shop carefully.

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-feeling ownership experience, with repeated praise for the smooth, quiet ride and the kind of range and technology that make the car easy to count on day to day. That combination suggests the Ioniq 5 has the traits many used buyers want in a long-term EV. For you, the main ownership risk is less about the core appeal and more about finding a well-kept example that still feels comfortable and consistent over time.

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

Accident-free inventory is excellent at 92.9% — clean inventory, standard diligence applies.

You should still run a vehicle history report and verify that the car’s condition matches the listing photos and description. Prioritize a pre-purchase inspection, especially if you want to check seat comfort, cabin wear, and how the car feels getting in and out. Because owner feedback mentions comfort and access concerns, focus on the details that affect your daily use, not just the headline EV features.

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

This is a moderate market, so you can shop selectively without feeling rushed.

• Deal availability: 37.6% of listings are priced as good or great deals.
• Inventory: There are 1,980 listings available.
• Price trend: Prices have softened 1.93% compared with last year.
• Clean inventory: 92.9% of listings are accident-free.

If you find a listing below $24,248, 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 $27,424 sits slightly below last year's $27,964.

That small decline suggests the market has eased a bit, which can work against sellers who are hoping for peak pricing. At the same time, the drop is modest enough that the model still appears to hold value reasonably well. If you plan to sell later, strong condition and desirable equipment should matter, because buyers are still responding to the Ioniq 5’s design, range, and technology.

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:

• 37.6% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 92.9% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 1.93% compared with last year.
• Owners rate it 4.73/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $22,359, the 2022 costs less than the current year's $27,424 average.
• It offers a broad mix of innovation, safety, and mainstream appeal.

The bottom line: If you want the stronger current-market balance of owner satisfaction, inventory quality, and pricing momentum, the 2023 is the better primary target. If your top priority is spending less upfront, the 2022 is the more price-sensitive path and may be worth a closer look.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.