Burnaby Condos for Sale Under $500K
There are currently 138 condos for sale in Burnaby priced Under $500K. The median asking price is $459,900, averaging $711/sqft. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
Market summary
The condos priced under $500k market in Burnaby is currently a Balanced Market with a 14.5% sales ratio — 20 homes sold against 138 active listings in the past 30 days. The median asking price is $459,900 ($711/sqft). Properties are selling slowly, averaging 45 days on the market.
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↔ Balanced Market
138
Active Listings
20
Sold (30 days)
14.5%
Sales Ratio
Balanced Market
$460K
Median Price
$711
Avg $/sqft
45
Avg Days
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| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| Under $300K Most Active | 0 | 1 | 100% | |
| $300K–$400K | 28 | 5 | 18% | |
| $400K–$500K | 110 | 14 | 13% |
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. | 26 | 3 | 12% |
| Metrotown | 24 | 5 | 21% |
| Brentwood Park | 16 | 1 | 6% |
| Cariboo | 10 | 0 | 0% |
| Sullivan Heights | 10 | 2 | 20% |
| Forest Glen BS | 8 | 0 | 0% |
| Highgate | 8 | 1 | 13% |
| Government Road | 7 | 4 | 57% |
| Capitol Hill BN | 6 | 0 | 0% |
| Edmonds BE | 4 | 0 | 0% |
| Central BN | 4 | 0 | 0% |
| Central Park BS | 4 | 1 | 25% |
| South Slope | 3 | 2 | 67% |
| East Burnaby | 2 | 0 | 0% |
| Burnaby Hospital | 1 | 0 | 0% |
| Oaklands | 1 | 0 | 0% |
| Willingdon Heights | 1 | 0 | 0% |
| Simon Fraser Hills | 1 | 1 | 100% |
| Sperling-Duthie | 1 | 0 | 0% |
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Market Reports
Frequently Asked Questions — Burnaby
How many condos priced under $500k are for sale in Burnaby?
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There are currently 138 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?
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It is currently a Balanced Market. With a 14.5% sales ratio, supply and demand are roughly balanced — both buyers and sellers have reasonable negotiating positions. See the full Burnaby Condos market report for monthly trends.
What is the median price of condos in Burnaby?
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The median asking price for condos in Burnaby is $459,900. The average price per sqft is $711. See the full Burnaby Condos market report for monthly trends.
How long do condos take to sell in Burnaby?
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Condos in Burnaby are averaging 45 days on market before selling. Buyers have time to view multiple properties and negotiate.
Are there good condos priced under $500k in Burnaby?
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Yes — there are currently 138 condos priced under $500k available in Burnaby. Use the filters above to narrow by bedrooms, bathrooms, or features like suites and basements.
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