Dogwood Lake Estates
Homes for Sale in Bonifay, FL

A modest, established enclave in Bonifay where the housing stock spans seven decades, giving buyers a genuine mix of eras and conditions to choose from rather than a single builder-driven look.

CPAR sales records identify 15 homes in Dogwood Lake Estates that have changed hands since 2017, built between 1965 and 2002 (median 1996), with a median living area of about 2,220 sq ft and a typical 3-bedroom, 2.5-bath layout. Source: CPAR closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Dogwood Lake Estates is too small for its own price trend, so here is the market around it.

In ZIP 32425, 17 homes are on the market and 29% are under contract — a steady corner of Bonifay.

Across Holmes County, 13 homes are active and 5 pending (28% under contract).

In ZIP 32425 (Bonifay), 19 homes closed in the last 12 months at a median of $170K, with a median 56 days on market. Right now 11 active and 2 pending listings put supply at about 6.9 months — a buyer's market. See the live ZIP 32425 housing market and the Holmes County market.

ZIP and county figures describe the wider market, not Dogwood Lake Estates specifically. Momentum Research analysis of MLS records.

The single biggest variable in this market is age and upkeep. With homes dating back to 1950 and as recent as 2020, and a median build year of 1979, buyers are evaluating everything from systems and roofs to layout on a case-by-case basis. There's no community-wide amenity package listed in current MLS data to offset that — no clubhouse or shared recreation to standardize value. The home itself, and how it's been maintained, is the whole conversation.

At a median 1,920 square feet and a median price of $235,000, this reads as a straightforward, mid-sized housing stock without a lot of price inflation built in for extras. The 61.4% homestead share suggests a meaningful share of owners have been in place long enough to file for homestead exemption, which typically means less speculative turnover and more listings that come up because of a genuine life change rather than a flip strategy.

In a small, 37-home market with no standardized amenities to lean on, pricing and diligence come down to comparing individual homes on their own merits — age, condition, and recent updates. We pull the actual comparable closings, not just the community average, so you're negotiating from the right baseline whether you're buying or listing.