Negotiating leverage
52
moderate leverage / 100
~53 days of national supply and listings typically ~5% above fair price — moderate negotiating leverage.
Ridekick price intelligence
2023 Hyundai Ioniq 5 Price: Fair Market Value & MSRP
A mileage-adjusted read of comparable active listings—not a quote for a specific VIN, trim, condition, or location.
Fair market price
$26,942
Inside the middle half of current listings.
Price intelligence
A map of today's market
Fair price is in the typical market range
$19,250$36,199
- Typical market range
- $25,598–$30,003
- Ridekick fair price
- $26,942
- Original MSRP range
- $45,500–$56,500
Middle 50% of active listings
Mileage-adjusted estimate
3 sourced trims when new
Buyer context
Market pulse
Signals to help you frame a conversation—not a promise about a particular vehicle or dealer.
National supply
53
days of supply
Balanced market
Supply and demand are roughly balanced for the 2023 Hyundai Ioniq 5.
Estimated dealer cost (invoice)
$41,860–$43,680
Estimated dealer invoice — about $45,500 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| SE | $24,267 | $45,500 | $41,860–$43,680 |
| SEL | $25,941 | $50,950 | $46,874–$48,912 |
| Limited | $29,724 | $56,500 | $51,980–$54,240 |
Trim comparison
How each trim is priced
Estimated dealer cost Original MSRP Fair price
Trim
$21,688$40,384$59,079
Fair priceSE
$24,267
SE: fair price $24,267, original MSRP $45,500, estimated dealer cost $41,860 to $43,680.
SEL
$25,941
SEL: fair price $25,941, original MSRP $50,950, estimated dealer cost $46,874 to $48,912.
Limited
$29,724
Limited: fair price $29,724, original MSRP $56,500, estimated dealer cost $51,980 to $54,240.
All marks use the same price scale. Dealer cost is an estimate; original MSRP and fair price are shown for context, not as a guarantee of a particular vehicle’s price.
Out-the-door price by state
Out-the-door for a 2023 Hyundai Ioniq 5 runs about $26,947 in MT to $29,428 in NJ — fair price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $1,931 | $110+ | $28,677 |
| TX | $1,665 | $332 | $28,633 |
| FL | $1,598 | $1,074+ | $29,308 |
| NY | $1,065 | $371 | $28,072 |
| PA | $1,598 | $587 | $28,821 |
| IL | $1,665 | $683 | $28,984 |
| OH | $1,532 | $444 | $28,612 |
| GA | $1,865 | $637 | $29,138 |
| NC | $799 | $793 | $28,228 |
| WA | $1,731 | $215+ | $28,582 |
| OR | $0 | $525 | $27,161 |
Estimates using each state's base tax rate. Local (city/county) taxes can add 1–3% in many areas, dealer doc fees vary, and some states base registration on vehicle value or weight (shown with a "+"). Trade-in tax credits are not included.
Out-the-door price by state: California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, Washington, Oregon
Safety & recalls
4 open NHTSA recalls on record for the 2023 Hyundai Ioniq 5.
POWER TRAIN:DRIVELINE:DRIVESHAFT
Hyundai Motor America (Hyundai) is recalling certain 2023 IONIQ 5, IONIQ 6, and Genesis GV60 vehicles. The rear inner driveshaft may have been improperly heat-treated, allowing it to break under load and resulting in a loss of drive power.
Remedy: Dealers will replace the rear inner driveshaft, free of charge. Owner notification letters were mailed March 29, 2024. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's numbers for this recall are 253(H), 017G(G).
Campaign 24V065000 · 01/02/2024
ELECTRICAL SYSTEM:12V/24V/48V BATTERY
Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2024 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-Volt battery, which can result in a loss of drive power.
Remedy: This recall is replaced by NHTSA recall number 24V-868. Vehicles already repaired under this recall will need to have the new remedy completed. Dealers will inspect and replace the ICCU and its fuse, as necessary. In addition, dealers will update the ICCU software. All repairs will be performed free of charge. Owner notification letters were mailed April 22, 2024. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 257/021G.
Campaign 24V204000 · 15/03/2024
ELECTRICAL SYSTEM:12V/24V/48V BATTERY
Hyundai Motor America (Hyundai) is recalling certain 2022-2024 IONIQ 5, 2023-2025 IONIQ 6, Genesis GV60, Genesis GV70 "Electrified," and Genesis G80 "Electrified" vehicles. The Integrated Charging Control Unit (ICCU) may become damaged and stop charging the 12-volt battery, which can result in a loss of drive power.
Remedy: Dealers will inspect and replace the ICCU and its fuse, as necessary. In addition, dealers will update the ICCU software. All repairs will be performed free of charge. Owner notification letters were mailed December 20, 2024. Owners may contact Hyundai customer service at 1-855-371-9460 or Genesis customer service at 1-844-340-9741. Hyundai's numbers for this recall are 272 (Hyundai) and 025G (Genesis). This recall expands and replaces previous recall number 24V-204. Vehicles previously repaired under recall 24V-204 will need to have the new remedy completed.
Campaign 24V868000 · 18/11/2024
ELECTRICAL SYSTEM:PROPULSION SYSTEM:TRACTION BATTERY
Hyundai Motor America (Hyundai) is recalling certain 2023-2024 Ioniq 5 vehicles. The high voltage battery cells may contain misaligned electrodes, which can lead to a fire while parked or driving.
Remedy: Owners are advised to park outside and away from structures and limit their charge to a maximum of 80% until the recall repair is complete. Dealers will replace the high voltage battery system assembly, free of charge. Owner notification letters are expected to be mailed August 31, 2026. Owners may contact Hyundai's customer service at 855-371-9460. Hyundai's number for this recall is 305. Vehicle Identification Numbers (VINs) involved in this recall became searchable on NHTSA.gov on July 3, 2026.
Campaign 26V432000 · 02/07/2026
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Questions buyers ask
What is a fair price for a 2023 Hyundai Ioniq 5?
A fair, mileage-adjusted price is about $26,942, within a typical market range of $25,598 to $30,003.
Is the 2023 Hyundai Ioniq 5 cheaper than MSRP?
Yes — its original MSRP was about $45,500, so a fair used price is roughly $18,558 below MSRP.
What is the out-the-door price of a 2023 Hyundai Ioniq 5?
Out-the-door (price plus state tax, title, registration, and a typical doc fee) runs about $26,947 in MT to $29,428 in NJ, depending on your state. Local taxes can add more.
Is now a good time to buy a 2023 Hyundai Ioniq 5?
There are about 53 days of national market supply for the 2023 Hyundai Ioniq 5 — Supply and demand are roughly balanced for the 2023 Hyundai Ioniq 5.
How much can you negotiate on a 2023 Hyundai Ioniq 5?
Negotiating leverage rates 52/100 (moderate). ~53 days of national supply and listings typically ~5% above fair price — moderate negotiating leverage.
What does the dealer pay for a 2023 Hyundai Ioniq 5?
The estimated dealer cost (invoice) is roughly $41,860–$43,680 — its $45,500 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 8/5/2026. Estimates only; your price depends on condition, options, and location.