I'm not sure where you are located so your questions is rather a broad one. But to give as detailed an answer as I can without having more knowledge of your home's condition, location and/or current marketing efforts.
First of all, you need to remember the basics about what is said to sell a home:
Since you are not sure what the first should be then you need to start with the next two. But keep in mind that ever needed, and in my high opinion, most important factor is what is being do to market the home?
But basically you need to know what the current market is baring for comparable homes in your area - not what is currently for sale alone but also what has "RECENTLY" (3-12 months) sold in your area.
I strongly suggest using a professional to help you determine that and get yourself a Comparative Market Analysis from a REALTOR.
If you want to take that a step further have an appraisal done on the home. Then consider what is on the market in your neighborhood, how long have they been on the market - if they are sitting for long periods time at those prices then more than likely they are overpriced for the condition and location and you must make adjustments for that.
If you do not use a professional to help you determine the estimated price your home should sell for then try to find the "most" recent homes sold prices comparable to yours, look at what is for sale and determine how long they have been for sale and then place your homes price as near the top of the comparables that have sold most recently and at the lowest of those on the market.
Try that for a few weeks if no activity -AND YOUR HOME IS BEING PROPERLY MARKETED DURING THAT TIME- then adjust downward in increments.
But the key to it PRICE, CONDITION AND LOCATION are only good if you have property marketing.
IF NO ONE KNOWS THAT YOU HAVE GREAT PRICE, CONDITION AND LOCATION THEN THOSE THREE THINGS ARE USELESS.
Hope that helps.