Facebook Marketplace for Real Estate: An Untapped Lead Source
By EstateAgentLab
While most estate agents are focused on Instagram, TikTok, and Facebook page posts, there's a massive lead generation channel hiding in plain sight: Facebook Marketplace. With over one billion monthly users globally, Marketplace has quietly become one of the most active property discovery platforms outside of the traditional portals. And yet, the vast majority of agents aren't using it at all.
Facebook Marketplace has a dedicated “Property Rentals” and “Homes for Sale” category in many markets, including the US, Canada, UK, and Australia. Listings posted here appear in the feeds of local users who are actively browsing properties. The combination of massive reach, built-in messaging, and zero listing costs makes this a channel that deserves serious attention.
How Facebook Marketplace Works for Property
Marketplace property listings function differently from standard Marketplace items. When you list a property for sale or rent, Facebook categorises it within its property vertical, which includes specific fields for property type, number of bedrooms and bathrooms, square footage, and pricing. Users can filter and search for properties by location, price range, and property characteristics.
The key advantage is intent. Unlike a property post on your Facebook page (which is shown to your existing followers), Marketplace listings are discovered by people actively searching for property in your area. These are not cold leads — they're people who have opened the Marketplace app, navigated to the property section, and are browsing listings in your location.
Listing Strategies That Generate Leads
Simply uploading your listings isn't enough. To stand out in Marketplace and convert browsers into leads, follow these strategies:
- Lead with your best photo. The first image is the thumbnail that determines whether someone clicks. Use a high-quality exterior shot with good lighting. Properties with professional photography receive 118% more views on average.
- Write compelling descriptions. Don't just list specifications. Tell a story about the lifestyle the property offers. Open with the most compelling feature and include the area name prominently.
- Price strategically. Marketplace users filter by price, so ensure your listing falls within realistic search ranges. Use accurate pricing rather than “offers over” formats.
- Upload maximum photos. Use all available image slots. Include interior and exterior shots, garden photos, local area images, and floor plans.
- Brand every listing. Include your agency name and a brief brand statement in the description. Marketplace listings can build brand awareness even when they don't generate a direct enquiry.
Capturing and Converting Leads
When someone is interested in a Marketplace property listing, they'll typically send a message through Facebook Messenger. The speed and quality of your response is critical. Data from Facebook shows that businesses who respond within five minutes are 21 times more likely to convert a lead than those who respond after 30 minutes.
Set up automated responses in Messenger to acknowledge enquiries instantly while you prepare a personal follow-up. Your automated message should thank them for their interest, confirm the property is available, and let them know an agent will be in touch shortly. Your CRM system should be configured to capture these Messenger leads and trigger appropriate follow-up sequences.
Here's the important nuance: many Marketplace enquirers are buyers, but behind every buyer is a potential seller. When a buyer messages you about a property, ask about their current situation. Are they renting? Do they need to sell a property first? This simple question turns buyer leads into listing opportunities.
Integrating Marketplace with Facebook Ads
One of the most powerful and underused features is the ability to boost Marketplace listings through Facebook Ads. When you run property ads, you can select Marketplace as a placement alongside the News Feed, Stories, and Instagram. This puts your listings in front of a larger, targeted audience within the Marketplace environment where they're already browsing properties.
You can also create custom audiences from people who have engaged with your Marketplace listings — viewed them, messaged you, or saved them. Retarget these warm audiences with ads promoting your valuation service or new listings. This creates a feedback loop: organic Marketplace listings generate initial interest, paid ads amplify and retarget, and your CRM nurtures the leads.
Compliance and Professional Standards
Before listing on Marketplace, ensure you understand the compliance requirements in your jurisdiction:
- UK agents: Ensure Marketplace listings comply with the Property Ombudsman Code of Practice and include required information such as EPC ratings and council tax bands.
- US realtors: Follow Fair Housing Act guidelines. Marketplace listings must not discriminate based on protected classes. Facebook has specific housing advertising policies that restrict certain targeting options.
- Canadian agents: Comply with CREA guidelines and provincial regulations regarding property advertising.
- Australian agents: Follow state-specific advertising regulations and Australian Consumer Law requirements for property listings.
Always include your agency name, registration details, and any legally required disclaimers in your Marketplace listings. This also helps with professionalism and brand recognition.
Best Practices for Maximum Results
Based on the agents we work with who are generating consistent leads from Marketplace, here are the practices that make the biggest difference:
- List every property. Even if a property is listed on the major portals, add it to Marketplace. The incremental effort is minimal and the additional exposure is free.
- Refresh listings weekly. Renew or relist properties to keep them appearing in “new” search results.
- Respond within five minutes. Set up Messenger notifications and automated initial responses.
- Cross-promote with your social media strategy. Share Marketplace listings to your page, relevant local groups, and your Stories.
- Track performance. Log Marketplace enquiries separately in your CRM so you can measure ROI from this channel.
- Link to your website. Include your website URL in every listing description to drive traffic and enable retargeting.
Why Now Is the Time to Start
Facebook Marketplace for real estate is still in its early adoption phase among agents. The competition is thin compared to established portals like Rightmove, Zillow, REA, or Realtor.ca. This means your listings get more visibility for less effort, and you establish yourself as an early adopter before the channel becomes crowded.
The agents who are already using Marketplace systematically report generating five to fifteen additional enquiries per month at zero advertising cost. When combined with a strategic paid amplification approach and fast lead response, Marketplace can become a reliable pillar of your lead generation strategy.
Ready to tap into Facebook Marketplace for leads? Book a free strategy call and we'll show you how to integrate Marketplace into your broader social media and lead generation strategy.