Used 2024 Hyundai IONIQ 5 for Sale nearMemphis, TN

How much does the 2024 Hyundai IONIQ 5 cost?

Prices have softened 10.50% compared to this time last year, making it a favorable time to shop this model year.

There are 2,307 listings available, which suggests solid inventory for comparison shopping.

Is the 2024 Hyundai IONIQ 5 a good car?

Yes — the 2024 Hyundai IONIQ 5 earns a 5/5 user rating, which points to strong owner satisfaction. Owners consistently praise the spacious interior and impressive cargo space, and they also highlight the fast charging and smooth ride. That combination makes it especially appealing if you want an electric crossover that feels practical for everyday use without giving up comfort or quick acceleration. With 37.5% of listings marked as good or great deals, you have a meaningful number of opportunities to shop selectively.

Is the 2024 Hyundai IONIQ 5 reliable?

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

The owner feedback also emphasizes dependable everyday usability, with repeated praise for the fast charging, great warranty, and overall trouble-free feel. That kind of response suggests you can count on it as a long-term EV if you buy a well-kept example. For used buyers, the main ownership risk is less about the model’s reputation and more about making sure the specific vehicle has been maintained and hasn’t picked up hidden wear.

What should I look for when buying a used 2024 Hyundai IONIQ 5?

Accident-free inventory is excellent at 93.7% — clean inventory, standard diligence applies.

You should still run a vehicle history report and verify that the car’s condition matches the listing photos and description. Prioritize a pre-purchase inspection, especially if you’re considering a higher-mileage example or a car with visible cosmetic wear. Focus on overall condition, charging behavior, and any signs that the vehicle has been used hard rather than simply relying on the clean-inventory rate.

Is now a good time to buy a used 2024 Hyundai IONIQ 5?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile listings.

• Deal availability: 37.5% of listings are priced as good or great deals.
• Inventory: There are 2,307 listings available.
• Price trend: Prices have softened 10.50% compared with last year.
• Clean inventory: 93.7% of listings are accident-free.

If you find a listing below $25,882, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Hyundai IONIQ 5's resale value?

The current average of $27,431 sits slightly below last year's $30,650.

That price movement suggests the market has cooled, which can work against a future seller if you buy at the wrong point in the cycle. On the other hand, the current softness may help you enter at a more favorable price, which can reduce your depreciation exposure later. Strong owner satisfaction can help support demand when it’s time to sell, especially for a model that already has a loyal following.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2024 Hyundai IONIQ 5 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:

• 37.5% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 93.7% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 10.50% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• It adds a new adventure-ready trim.

The bottom line: The 2024 is the better primary choice if you want a well-liked EV with strong owner satisfaction, good inventory depth, and a softer price trend. If you’re especially price-sensitive, the 2024 also makes sense because the market has already moved down from last year, giving you a better chance to find value without stretching into a newer model year.

How does the 2024 Hyundai IONIQ 5 compare to the 2024 Kia EV6?

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.