While I do agree that occasionally Pinside pricing can be a little off, depending on your region, for the most part I think it's pretty accurate. I always use the Pinside average-price as my starting price for any given game. I think of the average-price as the base-price for an average-shape game. Not mint and not roached. Then I plus/minus for the actual cosmetic and physical condition of the game, as well as any mods, improvements, defects, and things like that present on the pin. Giving special bonuses to things that are hard to replicate/repair, such as an immaculate PF or cabinet on an older game, but then not giving as much credit for things I can easily do myself like LEDs and rubber.
I do this when buying and when selling, so it's all fair. And basically I've found that it's held pretty true in my experience. I always at least break even this way, and I feel like I'm giving each of us (buyer and seller) a fair shake . That's my system, other people have other systems, but mine has so far worked well for me.