Used 2024 Hyundai Ioniq 5 for Sale nearMerced, CA

How much does the 2024 Hyundai Ioniq 5 cost?

Prices have softened 15.59% compared to this time last year, making it a favorable time to shop this model year.

There are 2,273 listings available, which suggests solid inventory for shoppers comparing prices and trims.

If you find a listing below $25,922.26, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2024 Hyundai Ioniq 5 a good car?

Yes — the 2024 Hyundai Ioniq 5 earns a 5/5 user rating, which points to very strong owner satisfaction.

Owners consistently praise the spacious interior, impressive cargo space, fast charging, smooth ride, and strong acceleration. The great warranty also comes up as a meaningful ownership benefit, and those themes suggest this model fits well if you want an EV that feels practical and easy to live with.

36.4% of listings are priced as good or great deals, so you still have room 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 leans toward dependable everyday use, with praise for the great warranty, smooth operation, and the kind of ownership experience people feel comfortable counting on. That combination suggests the model has built a reputation for being trouble-free enough to inspire confidence.

For used buyers, the main long-term risk is less about the overall reputation and more about making sure the specific vehicle has been cared for properly.

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

Accident-free inventory is excellent at 94.9% — clean inventory, standard diligence applies.

You should still run a history report on any candidate and confirm the vehicle’s condition matches the listing photos and description. Prioritize a pre-purchase inspection if you want extra peace of mind, especially on a higher-mileage example or one with visible wear. Focus on overall condition, charging-related functionality, and whether the car feels as well-kept as the listing suggests.

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

This is a moderate market, so you can shop patiently while still moving quickly on the right listing.

• Deal availability: 36.4% of listings are priced as good or great deals.
• Inventory: There are 2,273 listings available.
• Price trend: Prices have softened 15.59% compared with last year.
• Clean inventory: 94.9% of listings are accident-free.

If you find a listing below $25,922.26, 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 $27,437 sits slightly below last year's $32,503.

That price movement suggests the market has become more favorable for buyers, but it also means future sellers may need to price more competitively than owners did a year ago. If you buy well now and keep the vehicle in strong condition, you can help protect your resale position later. Demand should remain supported by the model's strong owner satisfaction and practical appeal.

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:

• 36.4% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 94.9% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 15.59% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• Minor updates improve an already strong EV without changing its core appeal.

The bottom line: The 2024 is the better primary choice if you want strong owner satisfaction, healthy inventory, and a softer price environment. If you're especially price-sensitive, the 2024 also makes sense because the market has already moved down meaningfully, giving you a better chance to find value without giving up the model's core strengths.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.