How much does the 2024 Lexus IS cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 1,400 listings available, which gives you a meaningful pool to compare before you commit.

If you find a listing below $41,521.83, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2024 Lexus IS a good car?

The 2024 Lexus IS stands out as a compact luxury sports sedan that has long leaned into being fun to drive while still serving as Lexus’s entry-level model. It appeals to younger buyers with its comparatively low price point and compact proportions, and it remains a good fit for drivers who rarely carry passengers.

It also benefits from easy-to-use technology and standard advanced safety features, including Apple CarPlay, Android Auto, a touchscreen display, and Lexus Safety System+ with automatic emergency braking, pedestrian detection, lane departure warning, adaptive cruise control, automatic high beams, and lane-trace assist. At the same time, it is less convincing as a family car because the back seat is really tight, and it still carries familiar drawbacks such as not much cargo space and poor fuel economy.

With 31.1% of listings marked as good or great deals, you have a decent chance of finding a competitively priced example if you shop carefully.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS benefits from the third generation’s broader mix of comfort, technology, and safety equipment, and its easy-to-use tech and standard advanced safety features help make ownership feel straightforward. It also sits within a long-running generation that had already received a major refresh in 2021, which gives you a more mature package to shop.

For used buyers, the main long-term ownership risk is less about novelty and more about whether the car has been maintained well enough to preserve its sporty character and everyday usability.

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

Accident-free inventory is solid at 87.2% — always verify the vehicle history report.

You should still check the report carefully, because a clean listing percentage does not replace a proper history review. Prioritize a pre-purchase inspection that focuses on overall condition, signs of prior damage, and whether the car’s tight cabin and sporty setup have been cared for consistently.

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

This is a moderate, selective buyer’s market, so you can shop patiently while still moving quickly on the right car.

• Deal availability: 31.1% of listings are priced as good or great deals.
• Inventory: There are 1,400 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 87.2% of listings are accident-free.

If you find a listing below $41,521.83, 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 $42,870 sits slightly below last year's $43,271.

That modest decline suggests the market has stayed fairly stable rather than swinging sharply in either direction. For you as a future seller, that can be a positive sign because it points to predictable pricing instead of a volatile resale environment.

If you keep the car in strong condition and avoid accident history, you should be better positioned to hold value relative to similar listings. The current pricing pattern also suggests that well-kept examples should remain easy for shoppers to compare against the market.

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:

• 31.1% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.2% — always verify the vehicle history report.
• Price trend: Prices have held steady compared with last year.

The bottom line:

The 2024 Lexus IS makes the most sense if you want the current-year version of this compact luxury sports sedan and value its sporty feel, easy-to-use tech, and standard safety equipment. If you are more price-sensitive, a nearby model year may give you a similar ownership experience at a lower entry point, so it is worth comparing listings across years before you decide.

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