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For Northern NJ | August, 2025
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Tenafly Real Estate Market Update 2025: Is a Shift on the Horizon?
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.
Tenafly Real Estate Inventory is at Historic Lows
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.
Median Home Prices in Tenafly Remain 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.
Interest Rates and Buyer Behavior in Tenafly
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.
Days on Market Are Rising — A Subtle Shift
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.
What Tenafly Sellers Need to Know
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.
Market Outlook for Fall 2025
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.
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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
Tenafly Real Estate Market Update 2025: Is a Shift on the Horizon?
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.
Tenafly Real Estate Inventory is at Historic Lows
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.
Median Home Prices in Tenafly Remain 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.
Interest Rates and Buyer Behavior in Tenafly
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.
Days on Market Are Rising — A Subtle Shift
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.
What Tenafly Sellers Need to Know
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.
Market Outlook for Fall 2025
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.
