Facebook Ads Insights Tool

Facebook Ads CPM Benchmarks for Real Estate

Understand how your CPM compares. Dive into benchmark data by industry, region, and campaign type

CPM (Cost Per Mille) for Real Estate

October 2024 - October 2025

Insights

Detailed observation of presented data

Facebook Ads CPM benchmarks summary for Real Estate (all countries available)

This analysis looks at cost per thousand impressions (CPM) trends for industry Real Estate and target country all countries available compared to the global trend. The analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks.

Main takeaways

  • Real Estate CPMs ran above market: average 24.51 vs a global baseline of 19.80 (+24%).
  • High volatility in the Real Estate series, with an average month-to-month move of 6.97 (28% of its mean) vs 1.60 (8%) in the baseline.
  • Clear seasonality: elevated CPMs in October–November, a mid-year trough (June–July), and a pronounced August spike.
  • Over the full period, Real Estate CPMs fell 12.6% from October 2024 to September 2025, versus a 5.0% decline in the global baseline.

What the Real Estate CPM series shows

  • Average: 24.51 across Oct 2024–Sep 2025.
  • High: 40.69 in August 2025.
  • Low: 12.87 in July 2025.
  • Range: 27.82 (40.69 – 12.87), indicating a wide spread.
  • First-to-last change: down 12.6% (29.07 in Oct 2024 to 25.40 in Sep 2025).
  • Volatility: average absolute month-to-month change of 6.97, with the largest jump from July to August (+27.82, +216%) and the largest drop from August to September (-15.29, -37.6%).
  • Notable movements:
  • October–November 2024 held elevated CPMs (~29), followed by a December dip (20.81).
  • A secondary lift in February 2025 (29.48).
  • A steady slide into a summer low (June 15.85, July 12.87).
  • A sharp August spike (40.69) before settling back to 25.40 in September.

Comparison with the global baseline

  • Average: baseline 19.80; Real Estate sits 24% above market.
  • High/low: baseline high 24.67 (Nov 2024) and low 17.97 (Jan 2025), versus Real Estate’s much wider band (40.69 high, 12.87 low). Real Estate’s range is more than 4× the baseline (27.82 vs 6.70).
  • Volatility: baseline average month-to-month shift is 1.60; Real Estate is over 4× more volatile (6.97).
  • Trend slope: Real Estate declines 12.6% from first to last month; baseline declines 5.0%.
  • Relative positioning by month:
  • Above market in 9 of 12 months (notably August 2025 at nearly 2× the baseline).
  • Below market in May–July (e.g., July 2025 is ~33% below baseline).

Seasonality and timing

  • Q4: Costs typically increase around holiday periods. Both series showed October–November strength; the baseline peaked in November, while Real Estate also started high in October. December pulled back in both series.
  • Q1–Q2: Baseline softened in January; Real Estate saw a February pop, then trended down into early summer.
  • Summer/August: Baseline ticked up modestly; Real Estate experienced a pronounced August surge before normalizing in September.

Understanding cost per thousand impressions benchmarks on Facebook Ads in industry Real Estate and all countries available helps advertisers make more efficient budget and creative choices.

Understanding the Data

Insights & analysis of Facebook advertising costs

Cost Per Mille (CPM) is the cost advertisers pay for 1,000 impressions of their Facebook ad. In the Real Estate industry, Facebook ad costs can be influenced by seasonal trends and market competition. Geographic targeting affects ad costs based on market competition and user engagement in different regions. Different campaign objectives lead to varying costs based on how Facebook optimizes for your specific goals. The data shown represents median values across multiple campaigns, and individual results may vary based on ad quality, audience targeting, and campaign optimization.

Why we use median instead of average

We use the median CTR because the underlying distribution of click-through rates is highly skewed, with a small share of campaigns achieving extremely high CTRs. These outliers can inflate a simple average, making it less representative of what most advertisers actually experience. By using the median—which sits at the midpoint of all campaigns—we provide a more rigorous and realistic benchmark that reflects the true underlying data model and helps you set attainable performance expectations.

Key Factors Affecting Facebook Ad Costs

  • Competition within your selected industry and audience demographics
  • Ad quality and relevance score – higher quality ads can lower costs
  • Campaign objective and bid strategy
  • Timing and seasonality – costs often increase during holiday periods
  • Ad placement (News Feed, Instagram, Audience Network, etc.)

Note: This data represents industry median values and benchmarks. Your actual costs may vary based on specific targeting, ad creative quality, and campaign optimization.

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The data behind the benchmarks

All data is sourced from over $3B in Facebook ad spend, collected across thousands of ad accounts that use Superads daily to analyze and improve their campaigns. Every data point is fully anonymized and aggregated—no individual advertiser is ever exposed.

This dataset updates frequently as new ad data flows in. It will only get bigger and better.

What affects CPM rates on Facebook Ads?

CPMs are heavily influenced by competition, seasonality (e.g., Q4 costs more), audience size, and ad quality. Smaller audiences and lower relevance scores often lead to higher CPMs.

Why does my CPM vary so much between campaigns?

Different campaign objectives, bidding strategies, and even time of day can change your CPM. For example, conversion campaigns usually have higher CPMs than traffic ones. Also, broad targeting tends to drive lower CPMs.

What's a competitive CPM for 2025?

In most industries, CPMs range from $5 to $18 depending on the region and objective. Retail and e-comm campaigns often sit at the higher end. Our live data above shows a breakdown by country and industry.

Does audience size or targeting affect CPM more?

Both matter, but audience quality (intent + match with your offer) usually has more impact than pure size. However, extremely tight audiences often lead to expensive CPMs due to limited delivery opportunities.

Should I worry more about CPM or CPC?

Depends on your goal. For awareness, CPM is more relevant. For performance campaigns, CPC and CPA matter more. But all are connected—inefficient CPMs can inflate your entire funnel.