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overprice

C2
verb

Pronunciation

UK

  • /ˌəʊvəprˈaɪs/

US

  • /ˌoʊvərˈpraɪs/

Description

To overprice something means to ask more money for it than it is really worth. You might feel that a street vendor priced a souvenir T-shirt too high, or say that concert tickets are often overpriced. The word often suggests that the price is unfair or that the seller is asking for too much. Sometimes it also means the seller judged the market badly and set the price too high.

Think about it like this: if your friend sells you their old bike for $20, that sounds reasonable. But if they ask for $200, you would probably say it is overpriced. People often use this word when they feel a product or service is not a good deal for the money.

Examples

  1. 1

    Tourist season

    The shop tends to overprice its souvenirs during tourist season.

  2. 2

    Apartment rental

    We liked the apartment, but the owner had overpriced it.

  3. 3

    Ticket pricing

    If you overprice the tickets, people may wait for a discount.

  4. 4

    Real estate

    The house was overpriced by about $50,000, so it stayed on the market for months.

  5. 5

    Restaurant value

    The food was good, but it felt overpriced for such small portions.

Forms and spellings

1 form open this card.

Main spelling

  • overpriceverb