How much does the 2024 BMW X5 M cost?

Prices have softened 9.11% compared to this time last year, making it a favorable time to shop this model year.

There are 152 listings available, which gives you a meaningful amount of inventory to compare before you commit.

If you find a listing below $93,923.49, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2024 BMW X5 M a good car?

The 2024 BMW X5 M stands out because it sits at the performance end of BMW’s midsize SUV lineup, pairing the X5’s familiar practicality with serious power and chassis tuning. The 2024 model year also benefits from the broader fourth-generation refresh, including a more modern cabin and updated hardware, while still keeping the performance focus that defines the badge.

For you, that means this is a strong fit if you want a luxury SUV that still feels engineered with enthusiast priorities in mind. The tradeoff is that it is considerably higher in price than standard models, so it makes the most sense if performance and premium features matter more to you than keeping purchase costs modest.

Market availability: 40.8% of listings are priced as good or great deals.

Is the 2024 BMW X5 M reliable?

The 2024 BMW X5 M is part of a broader X5 lineup that is not cheap to run compared with some brands, and the performance-focused V8 setup adds to ownership costs. It also arrives as a more modern fourth-generation package, which helps the overall ownership experience feel current.

For a used buyer, the main long-term risk is that a high-performance luxury SUV can become expensive to maintain and repair as it ages, so you should budget for that before you buy.

What should I look for when buying a used 2024 BMW X5 M?

Accident-free inventory is excellent at 96.1% — clean inventory, standard diligence applies.

You should still run a vehicle history report and prioritize a pre-purchase inspection, especially because performance SUVs can hide expensive wear items. Focus on overall condition, maintenance records, and signs of hard use so you can separate a well-kept example from one that has been driven aggressively.

Is now a good time to buy a used 2024 BMW X5 M?

This looks like a buyer-friendly market, with solid deal availability and enough inventory to give you options without forcing you to settle.

• Deal availability: 40.8% of listings are priced as good or great deals.
• Inventory: There are 152 listings available.
• Price trend: Prices have softened 9.11% compared with last year.
• Clean inventory: 96.1% of listings are accident-free.

If you find a listing below $93,923.49, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 BMW X5 M's resale value?

The current average of $93,869 sits slightly below last year's $103,277.

For a future seller, that softer pricing trend suggests the market has become more favorable to buyers, which can put pressure on resale values in the near term. If you own one, condition and documentation will matter even more when it comes time to sell. A clean history and strong maintenance records should help you stand out in a market where shoppers have choices.

Should I buy a 2024 BMW X5 M 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:

• 40.8% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 96.1% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 9.11% compared with last year.

The bottom line: The 2024 BMW X5 M is the better pick if you want the most modern version of this performance-focused SUV and you value a stronger buying environment. If you are especially price-sensitive, a nearby model year may be worth comparing, but the 2024 gives you a compelling mix of updated hardware, strong inventory, and softer pricing.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.