Is There Any Hope my Nose Will Look Smaller?

Generally
speaking, the great majority of the swelling that follows a nose job subsides
by the two month recovery mark. Still, it takes up to an entire year for the
remainder of the swelling to go down, during which time your nose will continue
to change and conform to its new shape. Since you are about 4.5 months into
your recovery, I would say that your new nose will probably not substantially
decrease in size from the size it is now. If you are still unhappy with the
results of your nose job surgery, you can always consider getting a revision
rhinoplasty done by the same surgeon or by a different surgeon altogether. In
this way, you can really tailor your second surgery to your needs and can focus
your doctor’s attention on getting that smaller nose that you want.

It’s not unusual for patients undergoing rhinoplasty to have prolonged swelling. In many cases this can make the nose look large and prominent. Several factors including the use of open rhinoplasty, fracture of the nasal bones, thickness of the nasal skin, and a previous rhinoplasty have been associated with prolonged swelling.
                Most patients will note significant swelling for about two to three weeks following surgery. After two weeks, most patients are comfortable resuming their normal lives and going out in public.

                Swelling will persist in most patients for at least one year following surgery, with the nasal tip being the last site to experience resolution. In some cases swelling may affect the shape and contour of the nose.

                If you’re concerned about the appearance of your nose following rhinoplasty surgery consultation with your plastic surgeon is appropriate. Your surgeon should be able to discuss your concerns and alleviate your anxiety. 

At this point of your postoperative phase you should get a good idea of what your final result will be.  Of course there will still be some resolution of swelling and some minor nasal remodeling for up to a year.  There is some variability in how fast the nasal swelling resolves, depending on extent of nasal trauma during surgery, nasal skin thickness,  overall size of pre-op nose, open vs closed technique, etc.  Since you state that there is still some tenderness and swelling that could indicate that you are still in healing phase, and you might get some meaningful shrinkage of your nose.