Bay Springs
Homes for Sale in DeFuniak Springs, FL

Bay Springs market snapshot (as of September 20, 2026): the median sale price is about $246K, a median 47 days on market for closed sales, and 1.4 months of supply, a seller-leaning market.

In ZIP 32435 (DeFuniak Springs), 124 homes closed in the last 12 months at a median of $208K, down 2.7% year over year, with a median 66 days on market. Right now 41 active and 10 pending listings put supply at about 4.0 months — a balanced market. See the live ZIP 32435 housing market and the Walton County market.

Emerald Coast MLS sales records identify 34 homes in Bay Springs that have changed hands since 2026, built between 2025 and 2026 (median 2026), with a median living area of about 1,569 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Flood zones in Bay Springs: of 10 listing addresses checked against the FEMA National Flood Hazard Layer, 90% sit outside the FEMA Special Flood Hazard Area (Zone X); 10% are in an A-series high-risk zone where flood insurance is required with a federally backed mortgage. Individual parcels vary - verify any specific address at msc.fema.gov.

Bay Springs is a small, low-volume pocket of DeFuniak Springs in Walton County where the handful of active and recently closed homes define the market more than any single trend line. Expect to underwrite each property on its own merits.

• West Defuniak · Elementary
• Walton · Middle
• Walton · High

Zoned schools reflect the assignments reported on recent Bay Springs listings and can change; always confirm with Walton County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Bay Springs address.

No community amenities surface in the current MLS listings, so the value proposition here rests on the homes themselves and the location within DeFuniak Springs rather than shared facilities or an amenity package. That keeps the analysis simple: you are buying a house and a lot, and price should track condition, acreage, and updates rather than a lifestyle premium.

Because closings and active count are both low, comparable sales are scarce and can be stale. A median near the mid-$250s tells you where the middle of recent activity landed, but it says little about the spread. Lean on a close read of each listing's condition and a disciplined comp analysis instead of assuming the median applies to your target home.

In a market this thin, the median hides more than it reveals, and stale comps can mislead on both sides of the table. We underwrite each Bay Springs property on its own condition and setup, pressure-test the pricing against what little has actually closed, and keep you patient where a 59-day pace rewards patience and decisive where scarce inventory rewards speed.