Tenafly Real Estate in 2025: Is It Still a Seller's Market?
Stacy Esser Group May 15, 2025
Stacy Esser Group May 15, 2025
Tenafly Real Estate Market Update: May 2025 – A Seller's Dream Market
As economic headlines buzz with interest rate changes, market uncertainty, and global shifts, one question keeps coming up: What’s really happening in our local Bergen County real estate market?
Let’s dive into the data and take a closer look at what’s happening specifically in Tenafly, NJ and the surrounding core towns. If you're curious about your specific town, feel free to reach out — we’re always here to break it down for you!
We’re still seeing strong year-over-year growth in median estimated home values across the area. From Tenafly to Closter, Cresskill, and Englewood, property values are trending up. Despite broader economic concerns, local housing prices are holding steady and rising.
Buyers: It’s a challenging time to find affordable homes.
Sellers: The market remains in your favor, with values appreciating and inventory still tight.
If you follow me monthly on YouTube or here on the blog, you know I’m always watching one number closely: months of supply. This data point combines both buyer demand and available inventory, giving us a powerful “barometer” of real market activity.
Current months of supply: 2.34
This means that if no new homes came to the market, we would completely sell out in just over two months — a clear sign of strong buyer demand and limited inventory.
Right now, Tenafly’s median estimated property value is up 20.7% year-over-year — a significant growth figure, especially in a period of economic noise. Even with interest rate shifts and fluctuating confidence, the market here is showing strength.
Median List Price: $2.2M+
Luxury Inventory Dominates: There are very few homes available under $2.5M, let alone entry-level price points.
Median Days on Market: Just 15 days — homes are flying off the shelves.
The average sale-to-list price ratio in Tenafly is 101.22%, meaning homes are, on average, selling above asking. If a home is sitting longer than the 15-day median, expect a price adjustment — but most are selling quickly and at strong prices.
Tenafly is facing a significant imbalance: a surplus of luxury homes and a scarcity of homes under $2.5 million. This makes it tough for entry-level buyers, but it also represents a huge opportunity for sellers with well-positioned homes under that threshold.
With demand high, inventory tight, and home values appreciating, now is an ideal time to sell in Tenafly or nearby towns like Alpine, Demarest, Englewood, and Cresskill.
Even if you're not ready to list, it's a great time to strategize and make smart improvements that will pay off when the time is right.
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.
