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Sarah Mitchell
Compass Real Estate · ZIP 21047
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21047 ZIP Code Housing Market
$565,000median sale price
What is the 21047 housing market like right now?
The median home sale price in ZIP code 21047 is $565,000, up 0.9% year-over-year. Homes sell in an average of 28 days with 20 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 21047 ZIP code a buyer's or seller's market?
ZIP code 21047 is currently a balanced market and homes selling in about 28 days. How we determine this →
What are the latest 21047 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $565,000 |
| Median list price | $657,250 |
| Year-over-year price change | +0.9% |
| Average days on market | 28 days |
| Active inventory | 20 listings |
| Sale-to-list price ratio | 99.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 21047 zip code, located in Fallston, MD, is currently classified as a balanced market. The median sale price stands at $565,000, representing a +0.9% change year over year. Homes in this area spend an average of 28 days on the market before going under contract. There are currently 20 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 21047 sits in the Fallston, MD area, roughly 0.5 miles from downtown Fallston. Because home prices are set street by street, this ZIP can move differently from Fallston's citywide averages. The figures below reflect 21047 specifically — drawn from Redfin transactions, U.S. Census data for its 13,852 residents, and Zillow value estimates.
Homes sold
18
Last 12 weeks
Days on market
28
Average pace
Active listings
20
Sale-to-list
99.2%
Below asking
What is driving the 21047 housing market?
The 21047 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 21047 have increased +0.9% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 21047 stands at $582,722, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 21047?
Population
13,852
Median income
$157,500/yr
Median age
45.4 years
Owner-occupied
98.0%
College grads
55.0%
Avg commute
49.93 min
What is it like living in 21047?
Zip code 21047 is home to approximately 13,852 residents. The median household income is $157,500 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 98.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 55.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 49.93 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 21047.
Which public schools serve ZIP 21047?
3 schools tracked · 3,221 students
The largest public schools serving ZIP code 21047 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Youths Benefit Elementary
Grades PK-5 · 1,114 students
Fallston Middle School
Grades 6-8 · 1,060 students
Fallston High
Grades 9-12 · 1,047 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 21047
What is the median home price in 21047?
The current median sale price in 21047 is $565,000, based on recent Redfin transaction data. Prices have changed +0.9% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 21047 a buyer's or seller's market?
The 21047 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 21047?
Zip code 21047 has a population of approximately 13,852 residents. The median household income is $157,500 per year. About 98.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 21047?
Properties Incorporated provides comprehensive data for 21047 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 21047 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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