I think price is area depended. I have not seen a quilt that is hand made either machine or hand stitched for less than $500.00 for a small quilt. Most bigger quilts twin size and up I have seen are $800..00 to wll over a thousand.
This past weekend a GF and I went shop hoping at 3 local stores. Not one of the quilts for sale were under $500.00. We live in a very low income state here. I remember seeing quilts in Miami, FL and PA and they were in the high end of that range years ago.