Used 2023 Hyundai Ioniq 5 for SaleNationwide

How much does the 2023 Hyundai Ioniq 5 cost?

Prices have softened 1.21% compared to this time last year, making it a favorable time to shop this model year.

With 2,242 listings available, you have a solid amount of inventory to compare across trims and conditions.

If you find a listing below $24,263.74, that's toward the low end of the year-round range and worth acting on quickly.

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, impressive range, smooth and quiet ride, and advanced technology features. Those themes suggest you’re getting a vehicle that stands out for everyday comfort and modern usability, even if some shoppers may want to weigh seat comfort and cabin simplicity.

With 36.9% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2023 Hyundai Ioniq 5 reliable?

Owners rate it 4.73/5, a strong signal of long-term satisfaction.

The owner feedback also emphasizes that it feels reliable, dependable, and trouble-free in everyday use, with praise for the kind of ownership experience you can count on over time. That said, used EV ownership still rewards careful shopping, so you should verify maintenance history and overall condition before you buy.

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

Accident-free inventory is excellent at 94.7% — clean inventory, standard diligence applies.

You should still run a vehicle history report and confirm the car’s accident and title history before making an offer. Prioritize a pre-purchase inspection, especially for charging equipment, tires, brakes, and any signs of uneven wear or cosmetic damage. Focus on overall condition and how well the car has been maintained, since that can matter more than mileage alone.

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

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

• Deal availability: 36.9% of listings are priced as good or great deals.
• Inventory: There are 2,242 listings available.
• Price trend: Prices have softened 1.21% compared with last year.
• Clean inventory: 94.7% of listings are accident-free.

If you find a listing below $24,263.74, 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 $27,679 sits slightly below last year's $28,016.

That modest decline suggests the market has softened a bit, which can help you buy at a more favorable entry point today. For a future seller, the current pricing trend implies resale value may stay competitive, but not immune to broader market shifts. Strong demand for well-kept examples should still help support pricing over time.

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:

• 36.9% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 94.7% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 1.21% compared with last year.
• Owners rate it 4.73/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $22,325, the 2022 costs less than the current year's $27,679 average.
• It offers a more approachable entry point with a strong mix of space, tech, and safety.

The bottom line: If you want the stronger overall market balance, the 2023 is the better primary target because it combines solid owner satisfaction, healthy clean inventory, and a softer price trend. If your top priority is spending less upfront, the 2022 is the better secondary path and may deliver much of the same appeal for less money.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.