How much does the 2024 Hyundai Ioniq 5 cost?

Prices have softened 15.61% compared to this time last year, making it a favorable time to shop this model year.

There are 2,301 listings available, which gives you a solid amount of inventory to compare.

If you find a listing below $25,921.42, 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 very strong owner satisfaction for this model year.

That kind of feedback suggests you can shop with confidence, especially if you want a used EV that has already earned a positive reception from owners.

33.5% of listings are priced as good or great deals, so there is still room to find value if you shop 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 lower worry about day-to-day ownership surprises, though 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 95.4% — clean inventory, standard diligence applies.

You should still run a vehicle history report and prioritize a pre-purchase inspection, especially if the car has been used heavily or charged frequently on fast chargers. Focus on battery-related condition, tire wear, and any signs of uneven use so you can separate a clean example from one that has been neglected.

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

This looks like a moderate market where selective buyers can still find value if they compare listings carefully.

• Deal availability: 33.5% of listings are priced as good or great deals.
• Inventory: There are 2,301 listings available.
• Price trend: Prices have softened 15.61% compared with last year.
• Clean inventory: 95.4% of listings are accident-free.

If you find a listing below $25,921.42, 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 $27,645 sits slightly below last year's $32,759.

That price movement suggests the market has cooled, which can help you buy at a better entry point today. For a future seller, it also means resale value may depend more on condition, mileage, and how well the vehicle has been maintained. If you buy well now and keep the car in strong shape, you give yourself a better chance of limiting depreciation later.

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:

• 33.5% 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 15.61% 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 strong owner-rated EV with softer pricing and plenty of inventory to shop. If you're especially price-sensitive, the 2024's current market gives you a better chance to find a deal without giving up the core appeal of the model.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.