[header] How to determine what to bid on a house [title] Understand how many people determine list prices. [step] The listed price of a house is the' price point' or expectation that a seller emotionally thinks his house is worth. It's simple when you put it down on paper. 
Often sellers will establish a value based upon the listed price of other houses in their area, and then add additional value based on the number and type of amenities they have in the house. It's not really logical, and it is what's being done.