many properties have been on the market for over a year.

call YOUR agent, ask for a CMA of the property and make an informed offer

150K is the medium on the listing prices but actual it's lower like 135K also if your in the military like me you proberly wount get your money back when you leave in 2-5yrs I say rent unless you plan on living there 7-10yrs to get your money out of it. If you really want to buy there are still great homes in New Llano that go for 45K 1200sf 3br 2b that way you could still float the morgage should you have to leave the area soon and cant sell quickly.

I'm living in Leesville as well. Houses are staying the market longer because of the troops being deployed. I hate to say it but the house prices are all over the place, even on my street, and I haven'y clue as to how to determine to value of my own home. For example, we live in new construction subdivision. The builder is currently asking 170-185 for his propertes. There were 3 older homes (1 1/2-2 years old) for sale on the same Street. Only one sold thus far. I'm not sure the asking on the one that sold but the other two they are asking $189 about which IMO is more than fair. But the house is siting there. Then there is a house right across from me just sold. They were asking $192K sold in a month.
Leesville's Real Estate is not like what you see on TV. We went thru ERA. I can recommend who NOT to have as your buyer's agent if you like. They told us that we needed to offer full asking. Period. Luckily we had a VA loan and the value came in way less than asking...

We're about to put our house on the Market in October hopefully.

Offer no more than the lowest of: (1) its value as determined by a current CMA (and taking into account any repairs or maintenance that might be needed), (2) what you've been prequalified for, (3) what you're comfortable spending, or (4) the asking price.

So: Which number is lowest? Then offer something under that.

You need more details...where is it? What is the size of the house, the condition, and what are the actual SOLDS in the past 3 months. Now, what is the history of the house?

All these questions can be answered in about 10 minutes if you had a buyers agent familiar with the area where this house is. Save time, money and troubles and go find an agent in Leesville.

regardless of where the "chips" might land, you should probably take a look at what the real value of the house is.

What have comparable homes in the area sold for recently. Very recently. If comparable homes are selling for $120,000, then $150,000 would be a mistake. If they're selling for $210,000, then what's wrong with this subject home??

Do some research, check around. You shouldn't base an offer on a random percentage, or a random question asked on a semi-anonymous website.

Offer 150 and see where the chips land.