I do not know your market. It also sounds as though you don't either (no offense!)...I am guessing you are selling without professional representation, right?
Without "boots on the ground" that know the market, I can only tell you that according to Trulia (see link) homes are selling in your area. You are also competing with homes in the MLS and marketed by Realtors.
You might be interested to know that 90% of buyers use a REaltor when they buy because, from their perspective, we work for "free". So a Realtor, working with a buyer, is not going to go out of their way to find a property not in the MLS. The buyer may find it, so you'd end up buying at least the buying side commission.
That would be best case (IMHO) for you.
The rule of thumb we use for evaluating a listing is showings. 10-12 showings or one offer in the first two weeks is the target, or we lower the price around 5%.
It appears that you are in a buyer's market, so if the numbers do not allow you to reduce the price, then I'd suggest leasing it. I would also suggest developing a relationship with a top Realtor in your area who can give you advice that is timely and accurate. Just your carrying costs alone must be making this a painful time...would it not be great to be able to avoid that pain by having someone who could have provided you with advice BEFORE you went in the current direction?
Best of luck to you!