OfferBackedBuyer Tools

Is Allons, TN 38541 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Allons is a buyer’s market. With about 19.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply19.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.2%Sold price ÷ list price
Median days on market57Listing to accepted offer
Median price per sq ft$256▲ +22.5% vs. last year

The Allons housing market right now

In the three months ending August 31, 2026, 0% of homes in Allons, TN 38541 sold above their list price, the typical home went under contract in 57 days and there were 19.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (125 days then) and the median sale price fell 11% to $412,322. Overall, Allons is more competitive than a year ago, so tougher for buyers.

Within Overton County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Rickman 38580 (14% sold over asking) and Livingston 38570 (5% sold over asking) are even more competitive.

Run the numbers for 38541

Prefilled for 38541Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38541Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alpine 38543Buyer’s market $147 /sq ftCrawford 38554Buyer’s market $177 /sq ftHilham 38568Buyer’s market $204 /sq ftLivingston 38570Buyer’s market $169 /sq ft Browse all markets →

Towns like Allons nearby

Find towns like Allons in other states →
Monroe, TN38573 · 6 miles away74% similarcheaper homes ($39K less) · younger residents Byrdstown, TN38549 · 11 miles away72% similarcheaper homes ($52K less) · larger Hilham, TN38568 · 9 miles away69% similarcheaper homes ($47K less) · younger residents Gainesboro, TN38562 · 21 miles away62% similarcheaper homes ($73K less) · larger

Where Allons is

Loading map…

Questions about Allons real estate

Is Allons a buyer’s or seller’s market?

A buyer’s market: there were 19.2 months of supply in Allons, TN 38541 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Allons?

The typical home went under contract in 57 days in the latest three months.

Do homes in Allons sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.

What are property taxes in Allons?

About 0.39% of a home’s value a year in Overton County, or roughly $1,560 on a $400,000 home.

What is the median home price in Allons?

The median sale price was $412,322 in the three months ending August 31, 2026, about $256 per square foot.

Local agents

See all agents in 38541 →

No sponsored agents in 38541 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 38541

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Overton County property taxesOverton County loan limitsClosing costs in TennesseeHottest ZIP codes in Tennessee
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology