How much is 1 NFT worth?

As a keen observer of the cryptocurrency and finance landscape, I'm curious to delve deeper into the value of NFTs. Could you elaborate on how much a single NFT is typically worth? Is there a set price range, or does it vary depending on the rarity, demand, and other factors? Understanding the fluctuating value of NFTs is crucial for investors and collectors alike, so I'd appreciate a concise yet comprehensive explanation of the pricing dynamics behind these unique digital assets.