Currently there are 116 residential properties on the market in Tenafly. The average days on market is 115 days. The average list price for these properties is $1,247,387. The minimum listing price is $339,000 and the maximum is $4,400,000.
Regarding lowering your price you should ask a Realtor to provide you with a detailed comparative market analysis including but not limited to the average sale price, the percentage of the difference in list versus sale price, break the CMA down to East Hill homes versus the west side properties, number of bedrooms, bathrooms, size of your lot, main streets versus side streets, schools districts such for elementary and middle schools, lastly how close you are to TPR, just kidding! ;)
Always remember that pricing a house along with marketing the home are two of the most important factors when selling your home. I wish you the best of luck and please feel free to reach out to me if I can be of further assistance to you.
All my best,