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For Northern NJ | January, 2026
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Is the Tenafly Real Estate Market Cooling Off? November 2025 Housing Update
Tenafly Housing Market Trends: Prices, Inventory, and Buyer Demand Explained
If you’re wondering whether the Tenafly real estate market is finally cooling off, you’re asking the same question many Tenafly buyers and sellers are asking right now. The short answer? Not exactly—but buyer behavior has changed, and that matters more than ever.
As a Tenafly NJ real estate expert, I work with buyers and sellers in this market every day. Here’s a clear, data-driven breakdown of what’s happening in Tenafly’s housing market and what it means for you.
Tenafly Housing Market Prices Remain Elevated
Home prices in Tenafly, NJ continue to remain strong. As of November 2025, the median home price in Tenafly is around $1.7 million, reflecting sustained demand and annual appreciation that remains well above the national average.
Despite concerns about a broader slowdown in real estate across the country, Tenafly home values continue to hold firm—largely due to limited inventory and strong buyer demand.
Homes in Tenafly Are Taking Longer to Sell
While prices remain elevated, one noticeable shift in the Tenafly real estate market is that homes are staying on the market longer than they were during the peak frenzy years.
This doesn’t signal a crash—but it does signal changing buyer behavior. Buyers are no longer rushing in with immediate offers. Instead, they are:
Comparing multiple properties
Revisiting listings
Analyzing days on market
Paying close attention to price reductions
For sellers, this means pricing and presentation are more important than ever.
Tenafly Buyers Are More Data-Driven and Price-Sensitive
Today’s Tenafly home buyers are extremely savvy. They are researching:
Comparable sales
Market trends
How long homes have been listed
Why certain properties haven’t sold
One of the first questions buyers ask is:
“How long has this home been on the market?”
Overpricing a home can lead to extended days on market, which can ultimately weaken your negotiating position—even in a strong market.
Inventory in Tenafly NJ Remains Very Tight
Despite longer days on market, inventory in Tenafly remains very limited. This is still fundamentally a seller’s market, driven by supply and demand.
Many homeowners in Tenafly are staying put:
They don’t want to give up historically low mortgage rates
They have limited housing alternatives locally
Tenafly homeowners tend to stay long-term
This lack of available homes continues to support pricing and competition for well-positioned listings.
Sale-to-List Price Ratios in Tenafly Are Still Above 100%
One of the strongest indicators of market health is the sale-to-list price ratio, and in Tenafly it remains above 100% on average.
This means:
Well-priced homes are still selling at or above asking price
Buyers are not routinely offering 5–10% below list
Strategic pricing is critical
However, not every home achieves this result—only homes that are priced correctly and professionally presented.
What This Means for Tenafly Home Sellers
For sellers, today’s market is about precision over guesswork.
Key strategies include:
Accurate, data-driven pricing
Strong presentation and preparation
Strategic marketing and positioning
Exploring off-market testing strategies when appropriate
Throwing a home on the market without a plan is no longer effective—even in a seller’s market.
What This Means for Tenafly Home Buyers
For buyers, time is more on your side than it was before—but inventory remains limited.
Well-priced, well-presented homes can still sell quickly. The key is to:
Study recent sales
Understand market value
Be prepared to act when the right home appears
There may be slightly more inventory coming into the spring market, but there will not be a major flood of new listings.
Final Verdict: Is the Tenafly Real Estate Market Shifting?
To answer the big question:
The Tenafly housing market is not cooling off in the traditional sense.
Prices remain strong, inventory remains tight, and sale-to-list ratios are still high. However, buyers are more selective, more analytical, and more price-sensitive than they were in recent years.
Success in this market—whether buying or selling—requires local expertise, accurate data, and the right strategy.
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Report Cards by Town
Brought to you by Niche.com
Check out Niche's 2024 Best Places to Live in Bergen County here
Bergen County, NJ
Bergen County, New Jersey, has a population of 953,243 and is considered one of the best places to live in the state. Most residents own their homes, and the area offers many bars, restaurants, coffee shops, and parks. It attracts young professionals, with residents generally leaning liberal. The public schools in Bergen County are highly rated.
Tenafly, NJ
Tenafly, a suburb of New York City in Bergen County with a population of 15,299, is one of the best places to live in New Jersey. Most residents own their homes and enjoy a suburban feel with numerous restaurants, coffee shops, and parks. The town attracts families, and residents generally hold moderate political views. Tenafly’s public schools are highly rated.
Oradell, NJ
Oradell, a New York City suburb in Bergen County with a population of 8,208, is considered one of the best places to live in New Jersey. Residents enjoy a suburban feel, with most owning their homes. The town has plenty of coffee shops and parks and is popular among retirees. Oradell residents generally lean conservative, and the public schools are highly rated.
Hawthorne, NJ
Hawthorne, a suburb of New York City in Passaic County with a population of 19,456, offers a dense suburban feel with many restaurants, coffee shops, and parks. It attracts families and young professionals, with residents generally leaning liberal. The public schools are rated above average.
Demarest, NJ
Demarest, a New York City suburb in Bergen County with a population of 4,930, is considered one of the best places to live in New Jersey. It has a rural atmosphere, with most residents owning their homes. The community generally holds moderate political views, and the public schools are highly rated.
Closter, NJ
Closter, a New York City suburb in Bergen County with a population of 8,555, is highly rated as a place to live in New Jersey. It provides a rural feel, and most residents own their homes. The community tends toward moderate political views, and the public schools are highly rated.
Montvale, NJ
Montvale, a New York City suburb in Bergen County with a population of 8,413, is known as one of New Jersey’s top places to live. It offers a sparse suburban atmosphere, with most residents owning their homes. The area attracts many young professionals, and the community generally leans conservative. Montvale’s public schools are highly rated.
Upper Saddle River, NJ
Upper Saddle River, a New York City suburb in Bergen County with a population of 8,313, is highly rated as a place to live in New Jersey. It offers a rural feel, with most residents owning their homes and enjoying the town’s numerous parks. Residents tend to hold moderate political views, and the public schools are highly rated.
Woodcliff Lake, NJ
Woodcliff Lake, a New York City suburb in Bergen County with a population of 6,096, is highly regarded as a place to live in New Jersey. It provides a sparse suburban feel, with most residents owning their homes and enjoying many coffee shops and parks. The community leans conservative, and the public schools are highly rated.
Real Estate Insights, Home Tips & More
Is the Tenafly Real Estate Market Cooling Off? November 2025 Housing Update
Tenafly Housing Market Trends: Prices, Inventory, and Buyer Demand Explained
If you’re wondering whether the Tenafly real estate market is finally cooling off, you’re asking the same question many Tenafly buyers and sellers are asking right now. The short answer? Not exactly—but buyer behavior has changed, and that matters more than ever.
As a Tenafly NJ real estate expert, I work with buyers and sellers in this market every day. Here’s a clear, data-driven breakdown of what’s happening in Tenafly’s housing market and what it means for you.
Tenafly Housing Market Prices Remain Elevated
Home prices in Tenafly, NJ continue to remain strong. As of November 2025, the median home price in Tenafly is around $1.7 million, reflecting sustained demand and annual appreciation that remains well above the national average.
Despite concerns about a broader slowdown in real estate across the country, Tenafly home values continue to hold firm—largely due to limited inventory and strong buyer demand.
Homes in Tenafly Are Taking Longer to Sell
While prices remain elevated, one noticeable shift in the Tenafly real estate market is that homes are staying on the market longer than they were during the peak frenzy years.
This doesn’t signal a crash—but it does signal changing buyer behavior. Buyers are no longer rushing in with immediate offers. Instead, they are:
Comparing multiple properties
Revisiting listings
Analyzing days on market
Paying close attention to price reductions
For sellers, this means pricing and presentation are more important than ever.
Tenafly Buyers Are More Data-Driven and Price-Sensitive
Today’s Tenafly home buyers are extremely savvy. They are researching:
Comparable sales
Market trends
How long homes have been listed
Why certain properties haven’t sold
One of the first questions buyers ask is:
“How long has this home been on the market?”
Overpricing a home can lead to extended days on market, which can ultimately weaken your negotiating position—even in a strong market.
Inventory in Tenafly NJ Remains Very Tight
Despite longer days on market, inventory in Tenafly remains very limited. This is still fundamentally a seller’s market, driven by supply and demand.
Many homeowners in Tenafly are staying put:
They don’t want to give up historically low mortgage rates
They have limited housing alternatives locally
Tenafly homeowners tend to stay long-term
This lack of available homes continues to support pricing and competition for well-positioned listings.
Sale-to-List Price Ratios in Tenafly Are Still Above 100%
One of the strongest indicators of market health is the sale-to-list price ratio, and in Tenafly it remains above 100% on average.
This means:
Well-priced homes are still selling at or above asking price
Buyers are not routinely offering 5–10% below list
Strategic pricing is critical
However, not every home achieves this result—only homes that are priced correctly and professionally presented.
What This Means for Tenafly Home Sellers
For sellers, today’s market is about precision over guesswork.
Key strategies include:
Accurate, data-driven pricing
Strong presentation and preparation
Strategic marketing and positioning
Exploring off-market testing strategies when appropriate
Throwing a home on the market without a plan is no longer effective—even in a seller’s market.
What This Means for Tenafly Home Buyers
For buyers, time is more on your side than it was before—but inventory remains limited.
Well-priced, well-presented homes can still sell quickly. The key is to:
Study recent sales
Understand market value
Be prepared to act when the right home appears
There may be slightly more inventory coming into the spring market, but there will not be a major flood of new listings.
Final Verdict: Is the Tenafly Real Estate Market Shifting?
To answer the big question:
The Tenafly housing market is not cooling off in the traditional sense.
Prices remain strong, inventory remains tight, and sale-to-list ratios are still high. However, buyers are more selective, more analytical, and more price-sensitive than they were in recent years.
Success in this market—whether buying or selling—requires local expertise, accurate data, and the right strategy.
