It is reasonable for solid wood furniture that will last forever. I have some custom pieces from a local guy, and there is no comparing the quality to anything you buy in the store.
I think the total for our 2 IKEA dressers and matching (simple) nightstands was ~$650 (can't remember exactly), so for approximately the same complexity (# of drawers) but custom made with hardwood those prices sound reasonable to me.
Those prices sound reasonable for solid wood. We just bought a complete bedroom set from RH and it was $8000. 2 night stands, 2 dressers (1 high, 1 low) and a storage bed, king. All solid wood (it's actually being delivered/assembled as I type! WHEE!)--it's reclaimed pine. Forever furniture as well.