Where there's room on price
40
/ 100 (moderate)
Approx. 50 days of national supply and the median listing asks approx. 2% above the typical asking price at typical mileage — moderate negotiating leverage.
Ridekick price report
2023 Hyundai Ioniq 5 Price: Typical Asking Price & MSRP
A mileage-adjusted read of comparable active listings—not a quote for a specific VIN, trim, condition, or location.
Typical asking price
$26,492
Inside the middle half of current listings.
Price intelligence
A map of today's market
Typical asking price is in the typical market range
$19,117$35,998
- Typical market range
- $24,999–$29,585
- Typical asking price
- $26,492
- Original MSRP range
- $49,000–$52,600
Middle 50% of active listings
At typical mileage
3 sourced trims when new
Buyer context
Market pulse
What this means for you. It's market data, not a price for a specific car.
National supply
50
days of supply
Balanced market
Supply and demand are roughly balanced for the 2023 Hyundai Ioniq 5.
Estimated dealer cost (invoice)
$45,080–$47,040
Estimated dealer invoice — about $49,000 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.
Typical asking price by trim
| Trim | Typical asking (at typical mileage) | MSRP | Est. dealer cost |
|---|---|---|---|
| SE | $23,915 | $49,000 | $45,080–$47,040 |
| SEL | $25,253 | $50,950 | $46,874–$48,912 |
| Limited | $29,027 | $52,600 | $48,392–$50,496 |
Trim comparison
How each trim is priced
Estimated dealer cost Original MSRP Typical asking price
Trim
$21,620$38,258$54,895
Typical askingSE
$23,915
SE: typical asking price $23,915, original MSRP $49,000, estimated dealer cost $45,080 to $47,040.
SEL
$25,253
SEL: typical asking price $25,253, original MSRP $50,950, estimated dealer cost $46,874 to $48,912.
Limited
$29,027
Limited: typical asking price $29,027, original MSRP $52,600, estimated dealer cost $48,392 to $50,496.
All marks use the same price scale. Dealer cost is an estimate; original MSRP and typical asking 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 $26,803 in MT to $29,274 in NJ — the typical asking price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $1,921 | $110+ | $28,523 |
| TX | $1,656 | $332 | $28,480 |
| FL | $1,590 | $1,074+ | $29,156 |
| NY | $1,060 | $371 | $27,923 |
| PA | $1,590 | $587 | $28,669 |
| IL | $1,656 | $683 | $28,831 |
| OH | $1,523 | $444 | $28,459 |
| GA | $1,854 | $637 | $28,983 |
| NC | $795 | $793 | $28,080 |
| WA | $1,722 | $215+ | $28,429 |
| OR | $0 | $525 | $27,017 |
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 · 03/07/2026
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Questions buyers ask
What is the typical asking price for a 2023 Hyundai Ioniq 5?
Used 2023 Hyundai Ioniq 5 listings ask about $26,492 at typical mileage, with most listings between $24,999 and $29,585. That is what sellers are asking, not what buyers pay.
Is the 2023 Hyundai Ioniq 5 cheaper than MSRP?
Yes — its original MSRP was about $49,000, so the typical asking price for a used one is roughly $22,508 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 $26,803 in MT to $29,274 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 50 days of national market supply for the 2023 Hyundai Ioniq 5 — Supply and demand are roughly balanced for the 2023 Hyundai Ioniq 5.
Is the listed price on a 2023 Hyundai Ioniq 5 fair?
Not always. 2023 Hyundai Ioniq 5 listings typically ask about $26,990, roughly 2% above the typical asking price at typical mileage, $26,492. Compare any listing against that figure, and get the dealer's out-the-door price in writing, because tax and fees are added on top of the listed price.
What does the dealer pay for a 2023 Hyundai Ioniq 5?
The estimated dealer cost (invoice) is roughly $45,080–$47,040 — its $49,000 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 10/30/2026. Estimates only; your price depends on condition, options, and location.