overprice
C2Pronunciation
UK
- /ˌəʊvəprˈaɪs/
US
- /ˌoʊvərˈpraɪs/
Description
- charge too much
- set price too high
- inflated cost
- excessive pricing
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.
The word "overprice" means to set the price of something higher than its real worth, quality, or usual market value. It suggests that the amount being charged is not reasonable or fair. Sometimes this happens because a seller wants to make extra money, and sometimes it happens because they misread what buyers are willing to pay.
You might hear someone say, "The hotel was beautiful, but the meals were overpriced," meaning the cost did not match the quality or portion size. Or, "Do not buy that phone here; they always overprice their electronics."
"Overprice" is not just another way to say that something is expensive. A thing can be expensive because it is rare, high-quality, or luxurious. If something is overpriced, the idea is stronger: it costs more than it should. The word usually carries a sense that the price is not justified.
The term often comes up in retail, tourism, real estate, and auctions. A careful shopper may compare prices to avoid paying too much, while a seller may set a high price in the hope that someone will still buy. In finance, "overpriced" can also describe stocks or other assets whose market price is thought to be higher than their real value.
So whether you are shopping for groceries, investing in the stock market, or booking a vacation, this word points to the same basic idea: the price looks higher than it should be, and the deal may not be as good as it seems.
Examples
- 1
Tourist season
The shop tends to overprice its souvenirs during tourist season.
- 2
Apartment rental
We liked the apartment, but the owner had overpriced it.
- 3
Ticket pricing
If you overprice the tickets, people may wait for a discount.
- 4
Real estate
The house was overpriced by about $50,000, so it stayed on the market for months.
- 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