OAKWOOD LAKES ESTATES
Homes for Sale in DeFuniak Springs, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via emeraldcoast
Price here is driven by condition and the individual home, not by any shared amenity package — the current MLS shows none. With a housing stock that spans 1955 to 2024 and a median build around 2007, what you pay tracks closely to how updated a given house is. The median living area sits near 1,463 square feet, so this is a market of modest, practical footprints rather than large custom homes.
The posture right now favors patient buyers. A market heat score of 17 and a median 75 days on market tell you homes are sitting, and the median price of $207,000 is down 27.4% year over year. That is a meaningful reset. Sellers need to price to today, not to last year; buyers have room to negotiate but should underwrite on the home's actual condition, not a headline number.
OAKWOOD LAKES ESTATES right now
🔴 Off the recent peak. The trailing-12-month median ($207K) is down 27.4% from the prior 12 months ($285K) and up 77% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level emeraldcoast closed sales, 12-month windows ending July 25. Confidence: Medium (11 and 10 sales in the two windows).
What's unique here: the median sale price is about 70% below the typical Walton County sale ($207K vs $684K, trailing 12 months, emeraldcoast records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 25, 2026 · Live data: emeraldcoast, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
OAKWOOD LAKES ESTATES market snapshot (as of July 25, 2026): the median sale price is about $207K, and a median 75 days on market for closed sales. The trailing-12-month median is down 27% from the prior 12 months and up 77% since 2012, computed from record-level emeraldcoast closed sales (11 closings in the current window).
OAKWOOD LAKES ESTATES is a community of 413 homes in DeFuniak Springs, Walton County, built between 1955 and 2024 (median 2007), with a median living area of about 1,463 square feet. 43% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Oakwood Lakes Estates in DeFuniak Springs is a sizable pocket of roughly 413 homes with a wide age spread and no identified community amenities, so the value story is entirely about the individual house you buy.
The setting & the homes.
Aerial and on-site photos of OAKWOOD LAKES ESTATES. Swipe to explore the community.
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OAKWOOD LAKES ESTATESPhotos from emeraldcoast listings in OAKWOOD LAKES ESTATES; content deemed reliable but not guaranteed.
Who OAKWOOD LAKES ESTATES is best for.
Best for
- Buyers targeting a mid-$200s budget who want a practical, right-sized home rather than square footage for its own sake
- Patient shoppers comfortable negotiating in a slow-moving, low-competition market
- Buyers who will pay for a thorough inspection and value a home on its actual condition given the wide age range
Probably not for
- Buyers who need a large home or expect amenities like a pool, clubhouse, or gated access
- Anyone counting on quick appreciation or a fast resale in a low-volume market
- Buyers who want move-in-ready certainty without close scrutiny of an individual home's condition
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 25 of each year, from record-level emeraldcoast closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($207K) IS the median in the snapshot above, and the move from 2025 ($285K) IS the -27.4% one-year change.
Windows contain 4 to 21 sales each (11 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.
OAKWOOD LAKES ESTATES Market Scorecard
OAKWOOD LAKES ESTATES is currently a balanced market., a median asking price of $234,500, and homes go under contract in about 92 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: emeraldcoast, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in OAKWOOD LAKES ESTATES
Live MLS inventory for OAKWOOD LAKES ESTATES. 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 · 74 daysTop listingActive · 22 daysActive · 135 daysActive · 156 daysActive · 92 daysPending · 25 daysPending · 26 daysPending · 523 days
Pending · 145 daysActive and pending OAKWOOD LAKES ESTATES 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.
OAKWOOD LAKES ESTATES on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from emeraldcoast. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Maude Saunders · Elementary
- Walton · Middle
- Walton · High
Zoned schools reflect the assignments reported on recent OAKWOOD LAKES ESTATES 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 OAKWOOD LAKES ESTATES address.
The OAKWOOD LAKES ESTATES buying strategy.
If we were buying in OAKWOOD LAKES ESTATES 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 OAKWOOD LAKES ESTATES.
A condition-driven market in a cooling window
The numbers point to a market catching its breath. Only 5 active listings and 11 closings in the window mean thin volume, so individual sales swing the medians. Combine that with a 75-day median time on market and a low heat score, and you get a setting where well-priced, updated homes still move and everything else waits.
The longer arc is more encouraging than the recent year: values are up 77% since 2012 even after the 27.4% year-over-year decline. A homestead share of about 43% suggests a meaningful owner-occupied base alongside non-primary ownership. For a buyer, the practical read is simple — the wide build range from 1955 to 2024 means you must inspect closely, because two homes at a similar price can be worlds apart in condition.
The location and the amenities are priced into every listing in OAKWOOD LAKES ESTATES. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in OAKWOOD LAKES ESTATES buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (4.1). Basis: Long-Term Appreciation +77% since 2012; Recent Direction -27.4% year-over-year; Owner Commitment 43% owner-occupied; Pricing Power 94.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin, cooling market like this, the median hides more than it tells — 11 closings and 5 active listings mean a single mispriced comp can distort your expectations. We price and negotiate off the specific home's condition and age, not the headline number, and we will tell you plainly when a listing is asking last year's price.
OAKWOOD LAKES ESTATES in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 OAKWOOD LAKES ESTATES 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 OAKWOOD LAKES ESTATES sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in OAKWOOD LAKES ESTATES, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your OAKWOOD LAKES ESTATES home worth?
Get a no-obligation home value based on real comparable sales in OAKWOOD LAKES ESTATES, 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 OAKWOOD LAKES ESTATES on the map →
Frequently Asked Questions
What is the median home price in OAKWOOD LAKES ESTATES?
How long do homes in OAKWOOD LAKES ESTATES take to sell?
How many homes are in OAKWOOD LAKES ESTATES?
What share of OAKWOOD LAKES ESTATES is owner-occupied?
When were the homes in OAKWOOD LAKES ESTATES built?
Do cash buyers compete in OAKWOOD LAKES ESTATES?
Have OAKWOOD LAKES ESTATES home prices gone up?
Who is the best real estate agent for OAKWOOD LAKES ESTATES?
How do I find a top DeFuniak Springs real estate agent who knows OAKWOOD LAKES ESTATES?
Can Momentum Realty connect me with an agent for OAKWOOD LAKES ESTATES?
Should you buy in OAKWOOD LAKES ESTATES?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near OAKWOOD LAKES ESTATES with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | emeraldcoast, refreshed twice daily (last: July 25, 2026) |
| Community market stats | emeraldcoast closed sales, 12-month windows ending July 25, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (14 streets, ZIP 32433/32435)) |
| Historical depth | Closed-sale records back to 2003 (190 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 emeraldcoast 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 emeraldcoast member average and 8 days faster, and we’ll price yours against live your area comps.
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