Used 2024 BMW 5 Series for Sale nearChicago, IL

Compare 2024 BMW 5 Series Trims in Chicago, IL

The 2024 BMW 5 Series offers a blend of luxury and performance, with options ranging from budget-friendly to high-performance trims.

• Starting at $36,891
• Best MPG/MPGe: 27 city / 35 hwy
• Most Popular: 530i xDrive AWD

Trim Overview

Prices updated weekly from CarGurus listings.

Quick Compare Table

Listing prices sourced from CarGurus — updated weekly. OEM specs from manufacturer data.

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Trim Deep Dives

530i RWD — "Who It's For"

The 530i RWD is the pick for shoppers who want a luxury experience without the higher price of AWD. It offers great value with a solid feature set.

• Avg. market price: $41,998 (updated weekly)
• MPG/MPGe: 27 city / 35 hwy
• Inventory: 87 listings
• View 530i RWD listings

530i xDrive AWD — "Who It's For"

The 530i xDrive AWD is the pick for shoppers who want all-wheel drive without breaking the bank. It's the most popular trim, balancing features and price.

• Avg. market price: $36,891 (updated weekly)
• MPG/MPGe: 27 city / 35 hwy
• Inventory: 94 listings
• View 530i xDrive AWD listings

540i xDrive AWD — "Who It's For"

The 540i xDrive AWD is the pick for shoppers who want a powerful engine and advanced features without compromising on luxury. It's ideal for those seeking performance.

• Avg. market price: $58,240 (updated weekly)
• MPG/MPGe: 26 city / 33 hwy
• Inventory: 43 listings
• View 540i xDrive AWD listings

Trim Recommendations

Most Popular — 530i xDrive AWD

With 94 active listings, the 530i xDrive AWD is the clear volume leader in the lineup.

Browse 530i xDrive AWD listings

Best Budget Option — 530i xDrive AWD

At $36,891 avg market price — below the lineup median of $41,998 — it's the most accessible entry point.

Browse 530i xDrive AWD listings

Best for Fuel Economy — 530i RWD

The 530i RWD offers the best fuel economy in the lineup with 27/35 MPG/MPGe.

Browse 530i RWD listings

These recommendations are based on CarGurus' proprietary market data from September 12, 2026, CarGurus experts' opinions, and generative AI.

How much does the 2024 BMW 5 Series cost?

Prices have softened 5.38% compared to this time last year, making it a favorable time to shop this model year.

There are 1,262 listings available, which gives you a solid amount of inventory to compare.

Is the 2024 BMW 5 Series a good car?

Yes — the 5/5 user rating and 7.00/10 expert rating point to a model that lands well with shoppers. The standout strength is Form and function at 8/10.

The 2024 BMW 5 Series comes across as a midsize luxury sedan that leans heavily into design, technology, and comfort. The overview and test-drive data both point to a car that is quiet, refined, and easy to live with, even if it does not deliver the driving engagement many buyers expect from a BMW.

The main trade-offs are poor fuel economy and not much cargo space with the spare tire. That means you should think of it as a comfort-first luxury sedan rather than a sporty all-rounder.

Good and great deals account for 36.2% of listings, so you have some room to shop selectively.

Is the 2024 BMW 5 Series reliable?

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

The overview describes this 5 Series as a comfortable luxury sedan with a more subdued character than earlier versions, while the expert test-drive data emphasizes that it is capable in everyday driving and built around refinement. The 530i’s turbocharged four-cylinder is described as quiet and smooth, and the eight-speed automatic shifts almost imperceptibly.

BMW also includes complimentary scheduled maintenance for three years or 36,000 miles, which helps reduce early ownership costs. For used buyers, the main long-term risk is that a technology-heavy luxury sedan can be expensive to keep satisfying if you want strong efficiency or a more engaging driving feel.

What should I look for when buying a used 2024 BMW 5 Series?

Accident-free inventory is excellent at 90.2% — clean inventory, standard diligence applies.

You should still run a history report and prioritize a pre-purchase inspection, especially on a luxury sedan with a lot of technology and available driver-assistance equipment. Focus on cabin condition, infotainment operation, and signs that the car has been used carefully, since the 5 Series leans heavily on screens and touch-sensitive controls.

Key things to evaluate:

• Trim level: The 530i test car is presented as the entry point, and the M Sport treatment adds a more expressive exterior and interior look. The base setup still relies heavily on screen-based controls, so you should make sure you are comfortable with that layout before you buy.
• Powertrain: The 530i uses a turbocharged 2.0-liter four-cylinder with 255 horsepower and 295 lb-ft of torque, plus a 48-volt mild-hybrid system. It is described as quiet, smooth, and capable in everyday driving, but it is also the version that left testers wanting more driving connection.
• Safety package: Active Driving Assistant is standard and includes forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring. BMW Assist eCall is also standard. The more advanced Driving Assistant Professional Package adds adaptive cruise control, lane-centering assist, evasive steering assist, lane-change assist, emergency stop assist, Distance Control, and Highway Assistant with Active Lane Change.
• Infotainment: The cabin uses a 12.3-inch digital instrument panel and a 14.9-inch touchscreen under BMW Curved Display with iDrive 8.5. Wireless Apple CarPlay and Android Auto are included, along with connected services, a personal eSIM 5G connection, SiriusXM 360L, navigation, and wireless smartphone charging.
• Fuel efficiency: The 530i is estimated at 30 mpg combined, but the test car returned 24.7 mpg on the evaluation loop and averaged 26.7 mpg during the week.

Which 2024 BMW 5 Series trim should I buy?

The 2024 BMW 5 Series is offered in 1 trim level: 530i.

Here's the short version:

The 530i is the trim to focus on if you want the most accessible way into the redesigned 5 Series. It delivers the core experience here: a quiet cabin, a supple ride, strong everyday performance, and the full curved-display tech setup. It is also the trim that best shows the car’s strengths as a refined luxury sedan, even if it does not fully satisfy drivers looking for classic BMW engagement.

The safety package note is straightforward: Active Driving Assistant is standard, while the more advanced Driving Assistant Professional Package remains optional.

Is now a good time to buy a used 2024 BMW 5 Series?

This looks like a moderate, selective buyer’s market, so you can shop carefully without expecting every listing to be a bargain.

• Deal availability: 36.2% of listings are priced as good or great deals.
• Inventory: There are 1,262 listings available.
• Price trend: Prices have softened 5.38% compared with last year.
• Clean inventory: 90.2% of listings are accident-free.

If you find a listing below $44,019, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 BMW 5 Series's resale value?

The current average of $44,748 sits slightly below last year's $47,291.

That softer pricing suggests the market has already adjusted downward, which can help you buy at a better entry point today. For a future seller, that also means resale value may depend more on condition, mileage, and equipment than on broad market momentum.

Because the 5 Series is a luxury sedan with strong technology and comfort appeal, well-kept examples should still attract interest from shoppers who want refinement over sportiness. Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Is the 2024 BMW 5 Series safe?

The 2024 BMW 5 Series earns a Top Safety Pick rating from IIHS.

It earns a 6/10 safety score from our experts.

BMW equips the 530i with Active Driving Assistant, which includes forward-collision warning with automatic emergency braking, lane-departure warning with lane-keeping assist, and blind-spot monitoring. BMW Assist eCall is also standard, adding automatic collision notification and an SOS emergency request button.

For more advanced assistance, the Driving Assistant Professional Package adds adaptive cruise control, lane-centering assist, evasive steering assist, lane-change assist, emergency stop assist, Distance Control, and Highway Assistant with Active Lane Change. The higher-level package is optional, so you should verify whether a used example has it if you want the most advanced driver aids.

The car does not earn the higher Top Safety Pick+ rating because it has not been assessed in a new moderate-overlap frontal-impact evaluation.

Should I buy a 2024 BMW 5 Series or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 36.2% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 90.2% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 5.38% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The redesigned 2024 model emphasizes design, technology, and comfort, while the test-drive verdict says it is a capable sports sedan that also works as a plush people mover.

The bottom line: If you want the newest look, the latest tech, and a comfort-first luxury sedan, the 2024 is the right path. If you are mainly chasing the lowest price, a nearby model year may be worth a look, but you should expect to give up some of the redesigned car’s fresh appeal and current-market inventory advantages.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.