To answer it well, compare current asking ranges with contract activity and recent closings.
If you are asking what price range gives you the best shot in Glen Allen, VA, I would start with realism instead of maximum stretch. The market is still competitive enough that the wrong target range can waste a lot of time.
Last month in Glen Allen, VA, the typical asking price for active homes was $457,505. Newly pending homes were centered at $479,450, and the typical closed price was $435,000. Buyers paid about 99.1% of asking. Those numbers tell me your budget strategy needs to account for both current competition and where transactions are actually finishing.
A buyer can get into trouble by anchoring to only one of those figures. If you focus only on the closed middle, you may underestimate where desirable homes are drawing contracts. If you focus only on pending prices, you may overextend on listings that have not yet proven their value. Glen Allen, VA gives you enough evidence to split the difference intelligently.
Set your core search where you can act comfortably, not at your outer edge. Leave room in your plan for homes that are clearly commanding stronger interest. Keep comparing each asking price back to recent closed results before you write. That is how you stay competitive without drifting too high.
