Bay Springs
Homes for Sale in DeFuniak Springs, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Bay Springs in DeFuniak Springs, FL has 4 homes for sale and 4 pending, asking from $214,990 to $257,990 (median $240,490). Over the 12 months ending 2026-07-25, 16 recorded sales closed at a median of $254,740, a median 59 days on market, sellers accepting 99% of original asking. Homes listed or recently sold were built 2026–2026 with 8 new construction; none of the 8 geocoded homes sit in a FEMA special flood hazard zone (median elevation 165 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $2,490 ($2,100 with the full homestead exemption).
Homes For Sale Right Now in Bay Springs
Live MLS inventory for Bay Springs. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 13 daysTop listing
Active · 13 days
Active · 13 days
Active · 11 days
Pending · 43 days
Pending · 53 days
Pending · 68 days
Pending · 45 daysActive and pending Bay Springs listings as of 2026-07-25, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Bay Springs is a thin market. With only 4 active listings and 16 closings in the tracked window, price here is set less by the neighborhood as a whole and more by the specific condition and setup of whatever is actually for sale. The median sits around the mid-$250s ($254,740), but with this few data points, one updated or one dated home moves the needle hard. Treat the median as a starting reference, not a ceiling or a floor.
At a median of 59 days on market, this is not a place where listings clear in a weekend. That posture cuts both ways: sellers should price to condition and expect a deliberate timeline rather than a bidding war, and buyers generally have room to inspect, negotiate, and walk if the numbers do not work. With so little inventory, though, the right home does not come along often, so a prepared buyer still needs to move decisively when it does.
The 60-Second Overview
Bay Springs market snapshot (as of July 25, 2026): the median sale price is about $255K, and a median 59 days on market for closed sales.
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.
The setting & the homes.
Aerial and on-site photos of Bay Springs. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Bay SpringsBay SpringsBay SpringsBay SpringsBay SpringsBay SpringsBay SpringsBay SpringsPhotos from Emerald Coast MLS listings in Bay Springs; content deemed reliable but not guaranteed.
Who Bay Springs is best for.
Best for
- Buyers targeting a mid-$250s budget who want a detached home and will evaluate condition closely
- Patient buyers comfortable with a deliberate, roughly two-month market pace
- Buyers who value a Walton County location over an amenity package
Probably not for
- Buyers who need community amenities such as a pool or clubhouse
- Buyers wanting deep inventory and many comparable homes to choose from
- Investors counting on quick resale in a fast-moving market
Housing distress & ownership in Bay Springs, DeFuniak Springs
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Bay Springs on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap contributors.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- 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.
The Bay Springs buying strategy.
If we were buying in Bay Springs today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Bay Springs.
A condition-driven market with thin inventory
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.
The location and the amenities are priced into every listing in Bay Springs. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Bay Springs in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Bay Springs buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Bay Springs sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Bay Springs, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Bay Springs home worth?
Get a no-obligation home value based on real comparable sales in Bay Springs, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Bay Springs on the map →
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Walton County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
19% of homes for sale in ZIP 32435 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-05).
Bay Springs Market Scorecard
Bay Springs is currently a thin data market. Limited supply, a median asking price of $240,490, and homes go under contract in about 13 days.
Typical home value in the 32435 ZIP is $241,551, about 23.2% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
What is the median home price in Bay Springs?
How long do homes in Bay Springs take to sell?
Do cash buyers compete in Bay Springs?
Who is the best real estate agent for Bay Springs?
How do I find a top DeFuniak Springs real estate agent who knows Bay Springs?
Can Momentum Realty connect me with an agent for Bay Springs?
Should you buy in Bay Springs?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Bay Springs with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: July 25, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending July 25, 2026 |
| Historical depth | Closed-sale records back to 2026 (16 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live your area comps.
Looking to buy here? Search homes for sale →
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More DeFuniak Springs & Destin, Okaloosa & Walton (Emerald Coast) guides
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