Burnaby Condos for Sale Under $500K
There are currently 154 condos for sale in Burnaby priced Under $500K. The median asking price is $475,900, averaging $741/sqft. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
All
With Suite
With Basement
New Construction
1 Bed
2 Bed
3 Bed
4 Bed
5 Bed
Under $500K
Under $800K
Under $1M
$1M–$2M
Over $2M
$2M–$3M
Luxury ($3M+)
↓ Buyer's Market
154
Active Listings
3
Sold (30 days)
1.9%
Sales Ratio
Buyer's Market
$476K
Median List Price
$741
Avg $/sqft
8
Avg Days on Market
The condos priced under $500k market in Burnaby is currently a Buyer's Market with a 1.9% sales ratio — 3 homes sold against 154 active listings in the past 30 days. The median asking price is $475,900 ($741/sqft). Properties are selling quickly, averaging 8 days on the market.
Also Explore
Burnaby Apartment With Suite Burnaby Apartment With Basement Burnaby Apartment New Construction 1 Bed Apartment in Burnaby 2 Bed Apartment in Burnaby 3 Bed Apartment in Burnaby 4 Bed Apartment in Burnaby 5 Bed Apartment in BurnabyMarket Activity by Price Range — Burnaby
| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $300K | 2 | 0 | 0% | |
| $300K–$400K | 24 | 0 | 0% | |
| $400K–$500K Most Active | 128 | 3 | 2% |
Sales ratio = homes sold in last 30 days ÷ active inventory. Over 20% = Seller's Market.
Market Activity by Neighbourhood — Burnaby
| Neighbourhood | Active | Sold (30d) | Sales Ratio |
|---|---|---|---|
| Simon Fraser Univer. | 39 | 0 | 0% |
| Metrotown | 32 | 0 | 0% |
| Brentwood Park | 18 | 1 | 6% |
| Highgate | 9 | 0 | 0% |
| South Slope | 8 | 0 | 0% |
| Sullivan Heights | 7 | 0 | 0% |
| Government Road | 7 | 0 | 0% |
| Forest Glen BS | 6 | 0 | 0% |
| Central Park BS | 6 | 0 | 0% |
| Edmonds BE | 5 | 0 | 0% |
| Capitol Hill BN | 5 | 0 | 0% |
| Cariboo | 3 | 2 | 67% |
| Burnaby Hospital | 3 | 0 | 0% |
| East Burnaby | 2 | 0 | 0% |
| Central BN | 2 | 0 | 0% |
| Simon Fraser Hills | 1 | 0 | 0% |
| Sperling-Duthie | 1 | 0 | 0% |
Explore More in Burnaby
Market Reports
Frequently Asked Questions — Burnaby
How many condos priced under $500k are for sale in Burnaby?
▼
There are currently 154 condos priced under $500k listed for sale in Burnaby. Listings are updated daily from the MLS® database.
Is it a buyer's or seller's market for condos in Burnaby?
▼
It is currently a Buyer's Market. With a 1.9% sales ratio, there are more condos available than buyers are purchasing, giving buyers more time and negotiating power. See the full Burnaby Condos market report for monthly trends.
What is the median price of condos in Burnaby?
▼
The median asking price for condos in Burnaby is $475,900. The average price per sqft is $741. See the full Burnaby Condos market report for monthly trends.
How long do condos take to sell in Burnaby?
▼
Condos in Burnaby are averaging 8 days on market before selling. This is a fast-moving market — act quickly when you find a property you like.
Are there good condos priced under $500k in Burnaby?
▼
Yes — there are currently 154 condos priced under $500k available in Burnaby. Use the filters above to narrow by bedrooms, bathrooms, or features like suites and basements.
Get Expert Help in Burnaby
Our team has sold 300+ homes in this area. Get a free home valuation or buyer consultation.
Sign Up Free — See Sold Prices