Used 2024 Hyundai Ioniq 5 for Sale nearMerced, CA

How much does the 2024 Hyundai Ioniq 5 cost?

Prices have softened 15.34% compared to this time last year, making it a favorable time to shop this model year.

There are 2,146 listings available, which suggests you have a solid amount of inventory to compare.

Is the 2024 Hyundai Ioniq 5 a good car?

Yes — owners give it 5/5, which points to very strong satisfaction. The review summary repeatedly highlights the spacious interior, impressive cargo space, fast charging, smooth ride, and quick acceleration. It also fits well if you want an electric crossover that feels practical and easy to live with, while still offering a distinctive design and a well-rounded feature set. With 37.4% of listings marked as good or great deals, you have a meaningful share of the market to shop from.

Is the 2024 Hyundai Ioniq 5 reliable?

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

The review summary also emphasizes that owners appreciate the great warranty, fast charging, and trouble-free everyday usability. That combination suggests you may be looking at a used EV that many drivers feel confident living with over time. For used buyers, the main long-term ownership risk is less about the ownership experience 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 94.7% — clean inventory, standard diligence applies.

You should still run a history report on any listing you’re seriously considering, even when the market looks clean. Prioritize a pre-purchase inspection so you can check the battery-related systems, charging behavior, and overall condition. Pay close attention to ride quality and suspension feel, since some owners describe it as a bit floaty.

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 carefully without feeling rushed.

• Deal availability: 37.4% of listings are priced as good or great deals.
• Inventory: There are 2,146 listings available.
• Price trend: Prices have softened 15.34% compared with last year.
• Clean inventory: 94.7% of listings are accident-free.

If you find a listing below $25,928, 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 $27,408 sits slightly below last year's $32,375.

That decline means future sellers may need to price more competitively than owners did a year ago. If you buy now, you’re entering the market after a meaningful correction, which can help limit how much value you lose in the near term. Strong demand for well-liked EVs can still support resale, especially when the vehicle has broad appeal and a strong ownership reputation.

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:

• 37.4% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 94.7% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 15.34% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• It brings minor but welcome updates while keeping the qualities that already worked well.

The bottom line: If you want the stronger value play, the 2024 is the better starting point because pricing has eased and inventory is healthy. If you’re willing to pay more for a newer model year with small refinements, the 2025 is the cleaner alternative. For price-sensitive buyers, the 2024 is the more compelling path.

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