Is Tenafly, NJ 07670 a buyer’s or seller’s market?

The Tenafly housing market right now

In the three months ending August 31, 2026, 38% of homes in Tenafly, NJ 07670 sold above their list price, the typical home went under contract in 90 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold more slowly (74 days then) and the median sale price rose 21% to $1,706,761. Overall, Tenafly is less competitive than a year ago, which gives buyers more room.

Within Bergen County, homes here sell more slowly than in 97% of the county’s ZIP codes, and sell less often over asking than in 84%. On our competition score, Tenafly ranks #367 of 444 NJ ZIP codes with enough sales (score 59 out of 100).

Nearby, buyers who want less competition could look at Alpine 07620 (0% sold over asking) or Moonachie 07074 (0% sold over asking), while South Hackensack 07606 (100% sold over asking) and Waldwick 07463 (86% sold over asking) are even more competitive.