Used 2024 Hyundai Ioniq 5 for Sale nearSilver Spring, MD

How much does the 2024 Hyundai Ioniq 5 cost?

Prices have softened 14.28% compared to this time last year, making it a favorable time to shop this model year.

There are 2,085 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 very strong owner satisfaction.

Owners consistently praise the spacious interior and impressive cargo space, and they also highlight the fast charging, smooth ride, and quick acceleration. That combination makes it especially appealing if you want an electric crossover that feels practical for daily use without giving up comfort or convenience. The available luxury-oriented trim also adds appeal if you want a more upscale feel.

With 36.9% of listings marked as good or great deals, you have a meaningful number of opportunities to find one at a competitive price.

Is the 2024 Hyundai Ioniq 5 reliable?

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

The owner feedback also points to a dependable ownership experience, with praise centered on the great warranty and the kind of smooth, trouble-free daily use shoppers often want from a used EV. The repeated mention of fast charging and overall ease of living reinforces that this is a model many owners feel confident counting on.

For used buyers, that kind of satisfaction lowers the odds of regret, but you should still verify battery health, charging behavior, and overall condition before you commit.

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

Accident-free inventory is excellent at 94% — clean inventory, standard diligence applies.

You should still run a history report on any candidate and confirm the car’s accident and title background before moving forward. Prioritize a thorough inspection of the battery, charging equipment, tires, and suspension feel, since those areas matter most on an EV and can affect long-term ownership costs. Pay close attention to overall condition and how the car drives, especially if you want to avoid surprises after purchase.

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

This is a moderate market, so you can shop selectively without feeling rushed.

• Deal availability: 36.9% of listings are priced as good or great deals.
• Inventory: There are 2,085 listings available.
• Price trend: Prices have softened 14.28% compared with last year.
• Clean inventory: 94.0% 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 $27,353 sits slightly below last year's $31,911.

That decline suggests the market has already adjusted downward, which can help you buy at a more favorable entry point today. For a future seller, the recent softening means resale gains may be harder to count on in the near term unless demand strengthens. Still, the model’s strong owner satisfaction and broad appeal should help support interest when it’s time to sell.

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:

• 36.9% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 94% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 14.28% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• At $31,090, the 2025 costs more than the current year's $27,353 average.
• It adds minor updates while keeping the core formula intact.

The bottom line: You should lean toward the 2024 if you want the stronger value proposition and a wider set of deal opportunities. If you’re willing to pay more for a newer model year, the 2025 is the better secondary path, but price-sensitive buyers will likely find the 2024 easier to justify.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.