Sellers control the asking price. If it is too high it will reduce exposure at the very least some potential buyers will not even look. Location affects price. Any house will sell in any location at some price. There is a price at which any house will not sell in any location.
Condition affects price.
Any house will sell in any condition at some price. There is a price at which any house will not sell in any condition. The current market affects price. Any house will sell in any market at some price. There is a price at which any house will not sell in any market.