nah, price is def not too high.
just nowadays few people have use for low-end comps (no offence to yours) that can't play up to date new games
if people are gona fork over 200$ for a internet-capable comp, might as well save up an extra 800 and build a mid-high gaming comp
only reason someone would buy this is for general uses.....solitaire, occasional surfing, the occasional editing (PS or Office?)
just wait. someone will find the use for it!
edit:: I had trouble selling mine too, and it wasn't much better than yours. i advertised to a couple friends to ask around and i eventually sold it for 275$ when i asked for 200$

(albeit this was like 4 months after originally saying i wanted to sell it)