not a bass player myself but my husband does play the bass!
pricing doesnt usually determine how good a bass is although it does play a part
my husband got his roland cube amp and a squire for around $700 max together..
not sure whether it was on sale but he was really happy with his purchases
he tried a few others which were much more expensive but just didnt 'connect' with it
it all depends and you should go bass hunting, try those out for yourself then decide.
with your price range you should have no problem finding one that you love!