Overpriced means costing far more than it is honestly worth. Wildly overpriced, an overpriced hotel, overpriced and poor.
It is a judgement about value rather than about the price alone: an expensive thing can be fairly priced and a cheap one overpriced. It is one of the commonest words in reviews. Note that the over- means excessively, as in overcooked and overrated.
1adjectiveoverpricedCosting far more than it is honestly worth.
“The drinks at the airport were so overpriced that we waited until we got home.”
overpriced is a quality of poor value.
overprice comes from over- + price.
Etymology from Wiktionary, CC BY-SA