overpriced
adj.costing more than it is actually worth.
adj.priced at a level that exceeds the actual value or quality of the item or service. Often used predicatively after linking verbs like 'be', 'seem', or 'look'.
“The coffee at the airport is very overpriced.”
“Many tourists avoid the restaurants near the main square because the food is overpriced and the service is slow.”
“In a saturated housing market, sellers often list their properties at an overpriced rate, hoping to capitalize on desperate buyers before eventually being forced to lower their expectations.”
Typically functions as a predicative or attributive adjective; often modified by degree adverbs like 'grossly' or 'slightly'.
“He talks of their joy paddling out from Bronte beach, two work friends choosing to talk shop on their surfboards rather than over lunch in an overpriced restaurant.”