The recent one that was in much worse condition sold for $200 within a few hours, so I don't know if this starting price is "yowza" high haha. As you said, though, relatively high compared to just a few years ago.
I was surprised the Killer Klowns quad at PropStore recently didn't go higher - it was about $1,400 if I remember correctly. Maybe because it wasn't perfect condition.
The nostalgia really hits with this title, although I think it would be fun for folks seeing it for the first time nowadays also. One of the most memorable of that time, with great poster artwork also IMO.