How much does the 2024 Hyundai Ioniq 5 cost?

Prices have softened 15.78% compared to this time last year, making it a favorable time to shop this model year.

There are 2,290 listings available, which gives you a solid amount of inventory to compare.

If you find a listing below $25,924.61, 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 5/5 user rating points to strong owner satisfaction for this model year.

That kind of feedback suggests you can shop with confidence if the vehicle’s condition and history check out.

35.0% of listings are priced as good or great deals, so there is still room to find value if you compare carefully.

Is the 2024 Hyundai Ioniq 5 reliable?

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

For used buyers, that usually means the bigger risk is less about broad ownership disappointment and more about finding a well-kept example with clean history and consistent maintenance.

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

Accident-free inventory is excellent at 95.4% — clean inventory, standard diligence applies.

You should still run a vehicle history report and confirm the car’s condition matches the listing photos and description. Put inspection priority on signs of prior damage, uneven wear, and any issues that could affect everyday usability. Focus especially on overall condition, since a clean history does not replace a careful pre-purchase check.

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

This looks like a moderate, selective buyer’s market, where you can shop patiently but still move quickly on the right listing.

• Deal availability: 35.0% of listings are priced as good or great deals.
• Inventory: There are 2,290 listings available.
• Price trend: Prices have softened 15.78% compared with last year.
• Clean inventory: 95.4% of listings are accident-free.

If you find a listing below $25,924.61, 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 $27,661 sits slightly below last year's $32,845.

That price movement suggests the market has become more favorable for buyers, but it can also mean future sellers may need to price competitively to stand out. If you buy well now and keep the vehicle in strong condition, you may be better positioned when it is time to resell. A lower entry price can help cushion depreciation, especially if demand stays healthy.

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:

• 35.0% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 95.4% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 15.78% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• It adds minor updates and a broader adventure-ready trim.

The bottom line: The 2024 is the better primary choice if you want a year with strong owner satisfaction, healthy inventory, and softer pricing. If you are especially price-sensitive, the 2024’s current market makes it the one to target first; if you want the newer model-year updates, the 2025 is the natural alternative.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.