Burnaby Condos for Sale Under $500K
There are currently 154 condos for sale in Burnaby priced Under $500K. The median asking price is $474,950, averaging $737/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
5
Sold (30 days)
3.2%
Sales Ratio
Buyer's Market
$475K
Median List Price
$737
Avg $/sqft
19
Avg Days on Market
The condos priced under $500k market in Burnaby is currently a Buyer's Market with a 3.2% sales ratio — 5 homes sold against 154 active listings in the past 30 days. The median asking price is $474,950 ($737/sqft). Properties are selling within a month on average, averaging 19 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 Most Active | 1 | 1 | 100% | |
| $300K–$400K | 28 | 1 | 4% | |
| $400K–$500K | 125 | 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. | 40 | 0 | 0% |
| Metrotown | 31 | 0 | 0% |
| Brentwood Park | 17 | 1 | 6% |
| Sullivan Heights | 9 | 0 | 0% |
| Highgate | 9 | 0 | 0% |
| South Slope | 8 | 0 | 0% |
| Government Road | 7 | 0 | 0% |
| Forest Glen BS | 6 | 0 | 0% |
| Central Park BS | 6 | 0 | 0% |
| Edmonds BE | 5 | 0 | 0% |
| Cariboo | 4 | 2 | 50% |
| Capitol Hill BN | 4 | 1 | 25% |
| Burnaby Hospital | 3 | 0 | 0% |
| East Burnaby | 2 | 0 | 0% |
| Central BN | 2 | 0 | 0% |
| 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 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?
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It is currently a Buyer's Market. With a 3.2% 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?
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The median asking price for condos in Burnaby is $474,950. The average price per sqft is $737. 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 19 days on market before selling. Buyers have a few weeks to view comparables before making an offer.
Are there good condos priced under $500k in Burnaby?
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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.
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