Used 2024 Lexus IS for Sale nearChicago, IL

How much does the 2024 Lexus IS cost?

Prices have softened 2.32% compared to this time last year, making it a favorable time to shop this model year.

There are 1,439 listings available, which suggests you have a meaningful amount of inventory to compare.

Is the 2024 Lexus IS a good car?

The 2024 Lexus IS stands out as a compact luxury sports sedan that emphasizes driving enjoyment, relatively low pricing for the class, and compact proportions that appeal to younger buyers. It is also positioned as an entry-level Lexus, and the source describes it as fun to drive. At the same time, it is not the best fit for families, because the back seat is really tight.

That mix makes it a strong fit if you want a sporty luxury sedan with a compact footprint and you care more about style, technology, and driving feel than rear-seat space. 38.1% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS benefits from the broader third-generation lineup’s 2021 refresh, which brought Apple CarPlay and Android Auto to the infotainment system, along with a touchscreen display update. The source also points to standard advanced safety equipment and a well-equipped cabin, which supports its appeal as a polished daily driver.

For long-term ownership, your biggest risk as a used buyer is less about outright complexity and more about living with the model’s compromises, especially poor fuel economy and limited practicality.

What should I look for when buying a used 2024 Lexus IS?

Accident-free inventory is solid at 87.8% — always verify the vehicle history report.

You should prioritize a history report first, then inspect the car closely for signs of prior damage, uneven panel gaps, or inconsistent wear. Focus your inspection on overall condition, because a sporty luxury sedan like this is best bought when the exterior, interior, and maintenance history all line up cleanly.

Is now a good time to buy a used 2024 Lexus IS?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile options.

• Deal availability: 38.1% of listings are priced as good or great deals.
• Inventory: There are 1,439 listings available.
• Price trend: Prices have softened 2.32% compared with last year.
• Clean inventory: 87.8% of listings are accident-free.

If you find a listing below $41,516, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Lexus IS's resale value?

The current average of $42,525 sits slightly below last year's $43,536.

That tells you the market has eased a bit, which can help you buy more confidently today. If you plan to sell later, the current pricing suggests you should expect a market that rewards clean condition, strong history, and desirable equipment more than simply waiting for appreciation. For you, that means buying well now matters if you want to protect future resale value.

Should I buy a 2024 Lexus IS 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:

• 38.1% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.8% — always verify the vehicle history report.
• Price trend: Prices have softened 2.32% compared with last year.

The bottom line: The 2024 is the right pick if you want the current-year version of this compact luxury sports sedan and you value a sporty feel, compact size, and a relatively approachable price point. If you are especially price-sensitive, a nearby model year may give you a similar ownership experience with a lower entry cost, so it is worth comparing clean, well-priced examples across the range.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.