Kristin Jacque and Michael Jewell purchase 3041 12th Ave. S., Minneapolis, appraised at $385,000

The home at 3041 12th Ave. S., Minneapolis, was sold on May 27 by Elizabeth Schmidt and Derek Thorsteinsson for $385,000.

Kristin Jacque and Michael Jewell were listed as the buyers.

Property taxes on the home totaled $4,062 in 2024, or 1.1% of the sale price.

This property is one of 383 sales in Minneapolis, Hennepin County, between April 27 and May 27.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.