Well, a short little question, which can get a million different answers, so here is mine....
Meet with a good Realtor in your area and discuss in detail your home, its location, its condition, what you can improve on either by staging, changing curb appeal, any minor improvements etc. and then it will all come to the correct pricing. We are in a buyers market in almost all markets, so the more competitive your home is price the better the chances to get attention and an offer. If you need to sell quickly then you will have to be even more aggressive with the pricing of your home.
In order to get the pricing right, you need to discuss properties similar to your that are competing with yours, and sometimes larger and more updated homes are competing because of their pricing!!!! and your Realtor will be able to show you properties that have recently sold and for how much.
Your Realtor you will commit to will also be able to take you to see homes your are currently competing with, so that you will feel comfortable with the price you start out with.
Good Luck! If you need help to be connected with an El Paso Realtor, let me know.
Your Chicago and Northern Illinois Expert