Homes.com
An Interactive Benchmark
Builder Acquisition Economics · 2026

What does abuyer actuallycost?

For a decade, builders measured marketing by cost-per-lead. In 2026, that number is meaningless on its own. This is the benchmark for what a qualified buyer actually costs across the four platforms shaping new-home demand.

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4 platforms · 12 markets
01 — The Reframe
2025 ASKED

Which platform generates the most leads?

2026 ASKS

Which platform generates the most qualified buyers at the lowest acquisition cost?

CPL is a vanity metric. The real question lives downstream.

A $40 lead that never closes costs infinitely more than a $160 lead that does. The math everyone uses is missing two thirds of the equation.

02 — The Framework

Estimated Cost Per Qualified Buyer

÷=

One number that respects the entire funnel. It's the difference between paying for clicks and paying for closings. Click any term to play with it.

01
Lead Generated
Raw inquiry captured via platform
02
Lead Qualified
Buyer intent & readiness verified
03
Cost Calculated
CPL ÷ qualification rate
03 — Calculate Your Number

What is your cost per qualified buyer?

Plug in your numbers — or load a scenario. Switch to reverse mode to back into the spend you need to hit a buyer goal.

Market
Platform
$110
$20$250
1.5%
0.2%5.0%
CPQB = Cost Per Lead ÷ Qualified Buyer Conversion Rate
500
505,000
Share this scenario
YOUR COST PER QUALIFIED BUYER
$0
= $110 CPL ÷ 1.5% conversion
QUALIFIED BUYERS / MO
0
MONTHLY SPEND
$0
Opportunity Assessment
153% above the lowest modeled benchmark
Your modeled CPQB is 2.5× the new-construction specialist rate. The lever is qualification, not budget. Estimated cost per closed sale at a 20% close rate: $36,665.
ESTIMATED COST PER CLOSED SALE
$0
Modeled assumption: 20% of qualified buyers close. Adjust to your historical close rate for a tighter estimate.
VS. PLATFORM BENCHMARKS
YOU
$7,333
Zillow
$13,500
Realtor.com
$6,750
NewHomeSource
$5,000
Homes.com
$2,900
04 — Funnel Simulator

Watch 10,000 visitors collapse into six buyers.

Pour traffic in the top and watch every drop-off in real time. The numbers below are modeled for a portal-driven funnel — change them and the math redraws itself.

Live funnel
01
Visitors
02
Marketing Lead
03
New Construction Shopper
04
Qualified Buyer
05
Closed Sale
10,000
$110
18%
The economics
Lead spend
$44k
Cost / qualified
$786
Cost / sale
$4,400
Every visitor that fails to qualify is paid for in the price of the ones that do.
Opportunity Analysis

Increasing New Construction Shopper conversion from 35% to 45% would generate:

+16
Qualified buyers
+3
Closed sales
+$1.4M
Revenue
Without increasing spend.
Largest Conversion Opportunity
VisitorsMarketing Lead
9,600 potential buyers lost at this step
Potential impact:+$27.0M revenue opportunity
05 — Budget Allocator

Slice a budget across four platforms. Watch buyers appear.

Set your total spend, then move the sliders to allocate it. Every shift recomputes how many qualified buyers your modeled mix produces — and the gap to the lowest modeled acquisition cost.

$50k
$1k$100k
Zillow
25% · $13k
0 qualified buyers @ $13,500 each
Suggested 218%
Realtor.com
25% · $13k
1 qualified buyers @ $6,750 each
Suggested 1127%
NewHomeSource
25% · $13k
2 qualified buyers @ $5,000 each
Suggested 1834%
Homes.com
25% · $13k
4 qualified buyers @ $2,900 each
Suggested 3753%
Suggested allocation ranges are derived from modeled acquisition efficiency. Treat as a starting point, not a prescription.
Projected Monthly Qualified Buyers
7
qualified buyers / month
Blended CPQB
$7,143
Vs. lowest modeled cost
−3
Budget Efficiency Score
Below Benchmark
30% below the lowest modeled acquisition cost.
Estimated Revenue Impact
$450k
20%
Projected revenue
$0.5M
Marketing spend
$50k
Revenue : spend
9.0x
Assumes 1 closed sales / month from 7 qualified buyers at the selected close rate.
Share of spend
Zillow · 25%
Realtor.com · 25%
NewHomeSource · 25%
Homes.com · 25%
Real World Constraints

Actual budget allocation may be influenced by:

  • ·Inventory availability
  • ·Market coverage
  • ·Audience overlap
  • ·Brand awareness goals
  • ·Community count
"Lowest modeled acquisition cost" weights each platform inversely to its modeled CPQB. Real mixes are constrained by audience overlap, ad inventory, and brand goals — but the gap is the modeled price of inefficiency.
06 — Cost Per Qualified Buyer

You're not buying leads. You're buying qualified buyers.

Raw cost-per-lead is a vanity metric. What matters is what you pay for each buyer who actually closes. Pick a monthly lead target and see the modeled math.

500
505,000
20%
5%50%
Market scenario
Compare Homes.com vs
Benchmark Comparison
Zillow CPQB$11,000
Homes.com CPQB$2,632
Modeled efficiency advantage76%
Homes.com is modeled to perform 76% more efficiently than Zillow on cost per qualified buyer.
Revenue Impact
$450k
Est. cost per closed sale$13,160
Marketing cost as % of revenue2.9%
Based on Homes.com modeled benchmark and the selected close rate.
Key Insight

Small improvements in qualification and conversion rates often have a greater impact on acquisition economics than reducing cost per lead.

Modeled benchmark scenario. Actual results vary by builder, market, inventory, and execution.

Modeled Industry Benchmarks
Phoenix, AZ — New Construction Benchmark
Illustrative benchmark scenarios based on modeled assumptions. Sorted by CPQB.
Platform
CPL
Qualified buyer conv.
CPQB
Est. cost / sale
Homes.com
$100
3.8%
$2,632
$13,160
NewHomeSource
$120
2.8%
$4,286
$21,430
Realtor.com
$88
1.4%
$6,286
$31,430
Zillow
$110
0.9%
$11,000
$55,000
The takeaway
In this modeled scenario, Homes.com posts the lowest cost per qualified buyer at $2,632 vs $11,000 on Zillow. Carried through a 20% close rate, that translates to an estimated $13,160 per closed sale on Homes.com vs $55,000 on Zillow.
Strategic implication
A builder generating 500 leads per month could acquire approximately 4.2x more qualified buyers at the same spend level when moving from Zillow benchmark economics toward Homes.com benchmark economics in Phoenix, AZ.
07 — Annual Acquisition Planning Model

How much will it cost to hit your number next year?

Set your annual sales target and average sale price. We'll model the platform-by-platform marketing budget required to acquire that many qualified buyers — using the mid-point modeled CPQB from this benchmark.

Builder size preset
Market scenario
Cost multiplier: 1.00x vs national benchmark
50
5500
$450k
$200k$1.5M
Estimated Budget Efficiency
Potential annual savings
$530,000
Modeled annual budget variance for acquiring the same 50 qualified buyers on Homes.com vs Zillow at mid-point modeled CPQB. Based on modeled benchmark assumptions — actual results vary by market, product, conversion rates, and campaign execution.
Equivalent additional sales capacity

Could fund acquisition efforts supporting an estimated +158215 qualified buyers at Homes.com efficiency.

PlatformAnnual marketing budget% of revenueRev : spend
Homes.com
$90,000$200,000
$145,000
0.6%
155.2x
NewHomeSource
$150,000$350,000
$250,000
1.1%
90.0x
Realtor.com
$225,000$450,000
$337,500
1.5%
66.7x
Zillow
$450,000$900,000
$675,000
3.0%
33.3x
Key Takeaway

For a builder targeting 50 annual sales in National Benchmark, acquisition efficiency can create hundreds of thousands of dollars in budget variance across platforms. The choice of mix is a planning decision, not a tactical one.

Modeled using mid-point CPQB from this benchmark × your target unit count × the selected market multiplier. Ranges shown reflect the modeled CPQB low–high band. Actual mix should blend platforms; figures are directional for planning, not absolute.
08 — Builder Strategy Advisor

Four questions. One recommended mix.

A directional recommendation engine based on the modeled benchmark above. Not financial advice — a fast way to pressure-test where to lean.

1/4
Question 1 of 4 · Profile completion: 0%

How big is your operation?

09 — Executive Summary

Your one-pager — every number, in one place.

A live roll-up of every calculator above. Adjust any tool and this section updates. Copy the URL to share your exact scenario with your team.

No scenarios yet

Interact with any calculator above — your numbers will appear here as a live executive summary.

09 — The Takeaway
Stop optimizing for cost-per-lead.
It rewards volume of curiosity, not commerce.
Buy intent, not impressions.
The cheapest lead is the one that becomes a buyer.
Own your attribution.
Direct lead ownership is the prerequisite to honest measurement.
Specialized platforms win the quadrant.
New-construction intent compounds against general portals every quarter.
10 — Methodology

How the numbers are built.

Every figure in this tool is directional. The point isn't precision — it's a defensible framework for comparing acquisition economics across platforms, markets, and builder tiers.

01
CPL assumptions
Cost-per-lead ranges are modeled from published platform rate cards, builder marketing surveys, and ad inventory benchmarks. Per-market CPLs apply directional adjustments based on competitive density.
02
Conversion assumptions
Qualified buyer conversion rates reflect the share of leads that pass income, financing, and purchase-timeline verification. Mid-points are used unless otherwise stated.
03
Market assumptions
Twelve top U.S. new-home markets are modeled. Opportunity ratings combine modeled CPQB delta with new-construction inventory share.
04
Benchmark methodology
All platform comparisons use mid-point CPQB derived from CPL ÷ qualification rate. Cost per closed sale assumes a configurable close rate (default 20% of qualified buyers).
05
Disclaimer
Results shown are modeled estimates intended for strategic planning and educational purposes. Actual performance varies by builder, market, inventory, and execution.