The median 2009 Lexus IS in the Canadian market sits at $11,500. That's your anchor. If a seller is asking north of that, they need to justify it with condition, low kilometres, or a higher trim.
The typical range runs from $8,680 to $34,500, which is unusually wide for a car this age. The low end is where most buyers will actually be shopping, and $8,680 tells you clean, higher-mileage examples exist without much stretch. The top of that range is a different animal, usually a well-kept car or a stronger trim carrying most of the value.
What the numbers say about your offer
Median kilometres land at 164,000, so this is a car that's already lived a life. A 2009 example at or under that reading and priced near $11,500 is priced fairly on the data. Push toward the bottom of the range and you're paying for kilometres, which is fine as long as the price reflects it.
We flagged 4 deals on this year in the last 90 days. Not a flood, but enough that good pricing does surface if you're patient and know your ceiling.
So the play is simple. Treat $11,500 as fair, use $8,680 as your target for a higher-kilometre car, and don't chase the upper end unless the car in front of you clearly earns it.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.