How much does the 2023 Hyundai Ioniq 5 cost?

Prices have softened 1.04% compared to this time last year, making it a favorable time to shop this model year.

There are 2,260 listings available, which suggests you have a solid amount of inventory to compare.

If you find a listing below $24,274.31, 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 of over 300 miles, smooth and quiet ride, and advanced technology features. Those themes suggest you’re getting a well-rounded EV that stands out for comfort, usability, and everyday appeal.

With 33.7% 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 points to a dependable ownership experience, with praise for the smooth ride, advanced technology, and overall confidence in the car’s day-to-day usability. That kind of feedback matters because it often reflects a vehicle people feel good about living with over time.

For used buyers, the main long-term risk is making sure the specific car you choose has been cared for well and still feels solid in the areas owners value most.

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

Accident-free inventory is excellent at 95.2% — clean inventory, standard diligence applies.

You should still run a vehicle history report and prioritize a pre-purchase inspection, especially if you’re comparing multiple listings. Focus on overall condition, interior wear, and whether the car’s features and ride quality still match what owners praise most.

Because this model is often bought for comfort, tech, and range, you’ll want to make sure the specific example you choose delivers cleanly on all three.

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

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

• Deal availability: 33.7% of listings are priced as good or great deals.
• Inventory: There are 2,260 listings available.
• Price trend: Prices have softened 1.04% compared with last year.
• Clean inventory: 95.2% of listings are accident-free.

If you find a listing below $24,274.31, 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 $27,826 sits slightly below last year's $28,119.

That modest decline suggests the market has softened a bit, which can help you buy more confidently now but may also mean future resale gains are limited unless demand stays strong. If you plan to sell later, the car’s broad appeal and strong owner satisfaction should help support interest from shoppers.

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:

• 33.7% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 95.2% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 1.04% compared with last year.
• Owners rate it 4.73/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $22,248, the 2022 costs less than the current year's $27,826 average.
• It offers a strong mix of spaciousness, technology, and standard advanced safety features.

The bottom line: If you want the stronger overall market balance, the 2023 is the better primary target because it combines solid owner satisfaction, good inventory quality, and a manageable price trend. If your priority is spending less upfront, the 2022 is the better secondary path and may give you a lower-cost way into the same nameplate.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.