Here are some potential pros and cons of purchasing real estate in Lionville:

Pros:
- Great location: Lionville is conveniently located near major highways allowing for easy access to nearby cities and attractions. It is also part of the award-winning Downingtown Area School District.
- Good for families: Lionville has a low crime rate and is a family-friendly community with parks, playgrounds, and community events.
- Growing and Developing: Lionville is a growing town with new businesses opening regularly, including a new Wegmans grocery store.

Cons:
- High Property Taxes: Chester County has some of the highest property taxes in the state of Pennsylvania. This could be a potential downside for homeowners that are on a tight budget.
- Traffic congestion: As mentioned, Lionville is located near major highways, which can also mean heavy traffic congestion during peak commuting hours. This could be a downside for people who value a short commute time.
- Higher Costs: As Lionville is a desirable area to live in, real estate prices can be higher than in other parts of Pennsylvania. This means that buyers may have to pay a premium to purchase a home in this town.

Overall, like with any real estate purchase, it is important to weigh the pros and cons and consider what factors are most important to you when deciding whether to buy property in Lionville.