Used 2024 Hyundai Ioniq 5 for Sale nearPhoenix, AZ

How much does the 2024 Hyundai Ioniq 5 cost?

Prices have softened 13.72% compared to this time last year, making it a favorable time to shop this model year.

There are 2,003 listings available, which suggests solid inventory for shoppers comparing prices and trims.

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 repeatedly praise the spacious interior and impressive cargo space, and they also like the fast charging and smooth ride. The overview also shows why it works well as an everyday EV: it blends distinctive styling with practical usability, plus strong acceleration for a relaxed but responsive feel.

With 36.7% of listings marked as good or great deals, you have a meaningful share of the market to compare before you buy.

Is the 2024 Hyundai Ioniq 5 reliable?

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

The user summary also highlights the great warranty and describes the car in positive terms that align with dependable, trouble-free ownership. That combination suggests the Ioniq 5 can be a reassuring used buy if you want an EV you can count on over time.

For used buyers, the main long-term risk is making sure the specific car has been cared for properly, since condition still matters even when owner sentiment is very strong.

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

Accident-free inventory is excellent at 93.6% — clean inventory, standard diligence applies.

You should still run a history report and confirm the car’s accident and title status before you commit. Prioritize a thorough inspection of the battery-related systems, charging equipment, tires, and suspension feel, since those are the areas most likely to affect your ownership experience. It also makes sense to focus on overall condition and trim-specific features so you know whether the car matches the price you’re paying.

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

This is a moderate, selective buyer’s market, so you have room to shop carefully without waiting for a dramatic shift.

• Deal availability: 36.7% of listings are priced as good or great deals.
• Inventory: There are 2,003 listings available.
• Price trend: Prices have softened 13.72% compared with last year.
• Clean inventory: 93.6% of listings are accident-free.

If you find a listing below $25,895, 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 $27,381 sits slightly below last year's $31,736.

That price movement suggests the market has already adjusted downward, which can help you as a buyer today but may temper future resale gains if you sell soon. For a future seller, the good news is that the model still has broad appeal thanks to its practicality and strong owner satisfaction. If demand stays healthy, that should help support used values better than a less-liked EV.

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:

• 36.7% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 93.6% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 13.72% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• Minor updates and a new adventure-ready trim broaden its appeal.

The bottom line:
You should lean toward the 2024 if you want the stronger value story and a wide pool of listings to compare. If you’re price-sensitive, the 2024 is the better hunting ground; if you want the latest small updates and trim choices, the 2025 is worth a look.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.