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

December 2024 - December 2025

Insights

Detailed observation of presented data

Introduction

Real Estate CPMs ran hot across all countries, consistently clearing the global benchmark and swinging more sharply month to month. Over the 13-month window, Real Estate maintained a clear premium to the market, with a mid-year trough followed by a late-summer surge and a pronounced Q4 lift. August and November were the standout peaks; June marked the softest point. Volatility was a defining feature, with larger month-to-month moves than the global pattern.

This analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks. This analysis explores ad performance trends for Real Estate across all countries compared to the global benchmark.

The story in the data

  • Starting point vs. ending point: Real Estate CPMs opened at $31.50 in December 2024 and closed at $37.31 in December 2025, an 18% rise.
  • Average level: Real Estate averaged $30.00 CPM across the period, versus a $20.36 global average — a 47% premium.
  • Highs and lows: The Real Estate low landed in June at $20.26; the high arrived in November at $40.71. That $20.45 range far exceeded the global range ($17.80 in January to $25.45 in December, a $7.65 span).
  • Volatility: Month-to-month absolute changes for Real Estate averaged $7.76, sharply higher than the global benchmark’s $1.08. The biggest jumps and dips clustered around late summer and Q4: +$14.42 from July to August, −$13.70 from August to September, and +$11.00 from September to October.

Real Estate never dipped below the global CPM, but the gap varied widely — from a narrow +4% in June to a near-doubling (+99%) in August.

Seasonal and monthly dynamics

The year tracked a familiar but amplified rhythm. Prices eased into early Q1 (January at $22.50), firmed by March ($28.29), then softened through Q2, bottoming in June. A late-summer breakout lifted CPMs to $39.89 in August, followed by a brief September reset before Q4 accelerated again: October at $37.20 and a cycle high in November at $40.71, with December remaining elevated at $37.31.

Quarterly averages underscore the seasonality: Q2 averaged $23.65, Q3 climbed to $30.52, and Q4 jumped to $38.41 — roughly 62% higher than Q2. The global market also rose through the year, but with a gentler slope: Q2 averaged $19.27 and Q4 $24.10 (+25%).

Country vs. Global

Compared to the global Facebook Ads benchmarks, Real Estate CPMs were above market in every month. The premium was modest in April (+15%) and June (+4%) and pronounced in August (+99%), October (+73%), and November (+61%). While the global trend rose steadily from $20.44 in December 2024 to $25.45 in December 2025 (+24%), Real Estate’s path was choppier, ending higher (+18%) but with much larger intra-year swings.

Closing

In short, CPM analysis shows Real Estate advertising across all countries commanded higher, more volatile costs than the global benchmark, with a marked late-summer spike and a strong Q4. Understanding Facebook Ads benchmarks for CPM in the Real Estate industry across all countries helps teams assess country-specific ad costs in context and compare industry ad performance to global patterns.

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.