Miami-Dade Foreclosure Market Report — September 2026

Executive Summary

Miami-Dade's foreclosure auction pipeline remained active in September 2026, with 183 properties scheduled across the county. Auction outcome data is available for roughly half the month's inventory, so conclusions about final bid performance must be treated with appropriate caution. The BIDROI Score™ distribution—with full coverage—tells the clearest story: the average property scores 44.6 out of 100, placing the typical September listing in neutral-to-cautious territory. Selective buying discipline is warranted this month.

Market Volume

A total of 183 foreclosure cases were scheduled for auction in September 2026, matching the foreclosure case count exactly—indicating a clean, one-to-one pipeline with no material backlog distortion apparent in the data.

The average final judgment across cases with near-complete coverage (99.5%) stands at $1,010,242. This figure reflects the outstanding debt burden attached to these properties and serves as a baseline for evaluating whether winning bids represent genuine equity capture or a race to the bottom. With an average winning bid of $265,585 (based on 45.9% auction coverage), the spread between judgment and bid is substantial—though readers should note that incomplete auction coverage limits the reliability of bid-level conclusions for the full month.

Property Mix

The 183 properties break down as follows:

Note on totals: The reported breakdown (150 + 48 = 198) exceeds the total case count of 183, suggesting some properties may carry dual classifications or there is a minor data mapping overlap in the source records. Readers should use these figures directionally rather than as precise exclusive counts.

Single-family homes dominate the pipeline, representing more than four out of five listings. This composition matters for bidder strategy—SFR inventory in Miami-Dade tends to carry broader buyer demand at resale, while condos introduce HOA and special assessment risk that BIDROI's scoring methodology accounts for.

The average assessed just value is $600,315 (90.2% coverage), nearly double the average winning bid. That gap is not automatically profit—it reflects judicial sale dynamics, deferred maintenance, title encumbrances, and the illiquid nature of auction acquisition—but it does confirm that distressed pricing relative to assessed value is structurally present in this month's inventory.

Score Analysis

BIDROI Score™ data is available for 100% of the September inventory, making this the most reliable section of this report.

• Average BIDROI Score™: 44.6 / 100
• Opportunity-tier properties (≥60): 34
• Pass-tier properties (<40): 66

The average score of 44.6 positions September's pool firmly in the neutral zone—neither a buyer's market flush with high-confidence opportunities nor a month to sit out entirely. The 34 properties scoring 60 or above represent the targeted subset worth active evaluation: approximately 18.6% of the total pipeline clears the Opportunity threshold.

Conversely, 66 properties—roughly 36% of listings—score below 40, signaling risk profiles that, in BIDROI's framework, do not justify the capital and legal complexity of foreclosure bidding without significant additional due diligence.

The remaining ~83 properties land in the 40–59 range, where case-by-case underwriting determines viability.

Top ZIP Codes by Activity

The five most active ZIP codes account for a combined 38 properties, or about 20.8% of the monthly pipeline (96.7% geographic coverage):

The concentration in southern Miami-Dade (33032, 33033, 33034) and northern corridors (33179, 33169) reflects distinct market dynamics. South Dade suburban markets tend to carry lower price points with higher inventory turnover. North Miami Beach and Miami Gardens activity warrants attention given ongoing infrastructure investment in those corridors. Bidders should run ZIP-level BIDROI Score filters before targeting activity clusters, as volume alone does not indicate opportunity density.

Data Notes

Transparency is central to how BIDROI presents market intelligence. Readers should account for the following limitations when interpreting this report:

• Auction outcome data (winning bids, adjudications, REO reversions) reflects 45.9% coverage of September inventory. No conclusions about overall auction clearing rates or bank takeover volume are drawn for the full month.
• Zero third-party adjudications and zero bank reversions are recorded in the covered portion—this is a notable data point, though it may reflect timing of auction reporting rather than a true market signal.
• Property type counts sum to 198 against a total of 183 cases; a classification overlap likely exists in source data.
• All metrics marked as INSUFFICIENT DATA in the underlying dataset have been excluded from this report.

Data Coverage

🟢 High (≥70%) · 🟡 Medium (30–69%) · 🔴 Low (<30%)