If you follow the downtown condo market, this month brings some interesting movement in both one and two bedroom units. Below is a clear breakdown of what happened in October, and you can also watch the full video on this page if you prefer.

Why We Are Now Using Median Prices

Starting this month, I am reporting median prices instead of averages. While most statistics you see online still rely on averages, the median gives a more accurate sense of what the typical buyer and seller experienced.

The median is the exact midpoint of all sales. Half sold for more and half sold for less. Averages can get pulled in either direction when there are unusually high or low outlier sales, which can create a misleading picture of the market.

Moving to median pricing offers a more reliable snapshot of value in the Entertainment District, and I will continue using this method going forward.

One Bedroom Condo Prices

The median price for a one bedroom condo in October was $538,000.

• This is up 1.9% from September’s $527,800
• It is down 9.1% compared to October 2024, when the median was $592,000

There was a small boost month over month, but prices for smaller units remain lower on a yearly basis.

Two Bedroom Condo Prices

The median price for a two bedroom condo came in at $800,000.

• This is down 2.1% from September’s $817,000
• It is down 5.7% from the $848,000 median in October 2024

Two bedroom units showed a bit of cooling this month, although the annual decline is still more moderate than what we are seeing in the one bedroom segment.

What Is Influencing Today’s Prices

Interest rates have now settled into a more comfortable range, so borrowing costs are not the main reason buyers are hesitating.

The bigger factor continues to be economic uncertainty. Concerns about global trade, financial instability, and the possibility of a recession are causing many buyers to move cautiously. This caution is showing up in pricing, even with a month-over-month improvement in the one bedroom category.

Overall, it still feels like the market has not reached its lowest point, especially in this downtown condo segment.

Final Thoughts

That wraps up the October 2025 Entertainment District condo market update. Pricing trends continue to fluctuate month to month, and buyer confidence remains closely tied to broader economic signals. I will be keeping a close eye on the November numbers to see whether this cautious tone continues as we move toward the end of the year.

If you want to talk about how this data might relate to your buying or selling plans, I am always here to help.