Tenafly Real Estate 2025: Market Update for Buyers & Sellers
Stacy Esser Group August 26, 2025
Stacy Esser Group August 26, 2025
Tenafly Real Estate Market Update: Are We Seeing a Shift?
The Tenafly real estate market is showing strong numbers — but there are early signs of change that buyers and sellers should pay close attention to. While homes are still selling and median prices continue to rise, inventory challenges and longer days on market hint that the cycle may be shifting as we move into fall.
One of the biggest factors shaping the Tenafly housing market is inventory. Looking back from 2015 through 2025, active listings in Tenafly have dropped dramatically.
Pre-2019, Tenafly typically had 60–100 active listings in July.
Post-COVID, that number has plummeted, hovering at historic lows.
Fewer homes on the market means more competition and higher prices.
At the same time, new listings — the number of homes hitting the market from January through July — are far lower than Tenafly’s historic average of 250–300. This lack of supply is one of the main reasons home prices remain so strong.
As active and new listings declined, median home prices in Tenafly steadily climbed.
Buyers are still willing to pay a premium, but the first hints of change are appearing. If buyers begin to step back either due to affordability or seller overpricing, we could see pressure on pricing in the months ahead.
While interest rates remain higher than in recent years, they’ve become the “new normal” for buyers. We no longer hear the same resistance to rates — but they still play a critical role in seller motivation.
Many Tenafly homeowners are sitting on very low mortgage rates. Unless they can get top dollar for their home or rates drop enough to make moving attractive, sellers are staying put. This is contributing to the tight inventory across Bergen County.
Another sign of change in the Tenafly real estate market is days on market (DOM).
Homes that once sold in 2 weeks are now taking closer to 4 weeks.
While bidding wars still happen, they’re not as frequent or as aggressive.
DOM is climbing, showing that buyers are being more selective.
This doesn’t mean prices are falling, but it’s a signal that the pace of the market is cooling.
Even in this competitive market, not all homes perform the same. The properties still commanding multiple offers and top dollar are:
Turnkey homes that are move-in ready
Well-maintained properties with smart upgrades
Homes priced realistically for today’s buyer pool
If you’re considering selling, investing in the right improvements can help you maximize value. Working with an experienced Tenafly realtor ensures you don’t spend money on updates that won’t bring a return.
The next major shift in the Tenafly housing market will likely come mid-September through October. If mortgage rates dip, expect more buyer activity and possibly another surge in home prices.
For now, the market remains strong — but smart sellers are preparing now for the next wave of demand.
Stay up to date on the latest real estate trends.
That’s the foundation of our Buyer Upside Method™. Because the goal isn’t just to buy a home
If you are considering a move, or simply want clarity on where you stand, start with a real strategy.
The Buyers Who Are Winning Right Now Aren’t Just Looking for A House They Love.
Tenafly is known for its tight-knit community, walkable downtown, and vibrant suburban energy.
An inherited home deserves more than a sign in the yard. It deserves positioning.
Luxury homes in Tenafly hold serious value. But holding on too long can eat into that equity.
Especially when paired with Tenafly’s highly ranked schools and proximity to NYC.
Another reason this trend stands out is the variety of neighborhoods within Tenafly itself.
The Oradell real estate market is one of the strongest in Central Bergen County right now.
SEG is a high performing Bergen County luxury real estate team that blends relationship driven service, cutting edge marketing, and strategic negotiation to consistently outperform traditional agents.
