Yes. (Though it can refer to a single boot as well.)
Hungarian tends to use the singular for objects that come in pairs:
- "Csak egy nadrágom van." (I only have one pair of trousers)
- "Ideadnád az ollót?" (Would you give me the scissors?)
- "Koszos a füled." (Your ears are dirty.)
- "Gyönyörű kék szeme van." (He has gorgeous blue eyes.)
The latter two can be used in plural too.