Summary

• With 151 currently listed for sale and an average price of $94,601.00, 37.1% of 2024 BMW X5 Ms for sale on CarGurus are rated as good or great deals.

• 95.4% of 2024 X5 M models on CarGurus are accident free.

Why it stands out

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. In the fourth-generation X5, BMW’s full-fat X5 M returned in 2020, and the source describes it as boasting a minimum of 600 horsepower and handling that defied the laws of physics. That combination makes it one of the most dramatic versions of the X5, especially for buyers who want an SUV that still feels engineered with enthusiast priorities in mind.

The 2024 model year also benefits from the broader fourth-generation refresh. BMW sharpened the X5’s styling, added a BMW Curved Display with digital gauges and next-generation iDrive infotainment, and gave the lineup a new standard six-cylinder engine with more power and better fuel economy. The V8-equipped X5 models also added mild-hybrid technology to boost output and efficiency. For shoppers, that means the 2024 BMW X5 M arrives in a more modern cabin and with updated hardware, while still keeping the performance focus that defines the badge.

There are tradeoffs, though. The broader X5 lineup is not cheap to run compared with some brands, and the source notes that the X5 M is considerably higher in price than standard models. It also points out that V8-equipped X5s are not fuel-efficient, which raises ownership costs. Even so, for buyers who want a luxury SUV with standout performance, strong technology, and a more refined fourth-generation package, the 2024 BMW X5 M is one of the most distinctive choices in the range.

Other model years to consider

• 2022 BMW X5 M

  • Average price: $65,698.00
  • Good/great deal percentage: 34.6%
  • User rating: 5 / 5
  • Total listings: 153

• 2025 BMW X5 M

  • Average price: $105,368.00
  • Good/great deal percentage: 36.7%
  • Total listings: 158

• 2021 BMW X5 M

  • Average price: $57,922.00
  • Good/great deal percentage: 34.0%
  • User rating: 2.5 / 5
  • Total listings: 141

This analysis is based on CarGurus' proprietary market data from August 17, 2026, CarGurus experts' opinions, and generative AI.