diff --git a/beets/__init__.py b/beets/__init__.py
index 1bac81b65..8be305202 100644
--- a/beets/__init__.py
+++ b/beets/__init__.py
@@ -17,7 +17,7 @@ from sys import stderr
 
 import confuse
 
-__version__ = "2.3.0"
+__version__ = "2.3.1"
 __author__ = "Adrian Sampson <adrian@radbox.org>"
 
 
diff --git a/docs/changelog.rst b/docs/changelog.rst
index ee78db648..a18f195eb 100644
--- a/docs/changelog.rst
+++ b/docs/changelog.rst
@@ -6,6 +6,17 @@ Changelog goes here! Please add your entry to the bottom of one of the lists bel
 Unreleased
 ----------
 
+New features:
+
+Bug fixes:
+
+For packagers:
+
+Other changes:
+
+2.3.1 (May 14, 2025)
+--------------------
+
 Bug fixes:
 * :doc:`/reference/pathformat`: Fixed a regression where path legalization
   incorrectly removed parts of user-configured path formats that followed a dot
diff --git a/docs/conf.py b/docs/conf.py
index fafabef70..497c5e71e 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -12,7 +12,7 @@ project = "beets"
 copyright = "2016, Adrian Sampson"
 
 version = "2.3"
-release = "2.3.0"
+release = "2.3.1"
 
 pygments_style = "sphinx"
 
diff --git a/pyproject.toml b/pyproject.toml
index 4ce844bc5..8b817a078 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "beets"
-version = "2.3.0"
+version = "2.3.1"
 description = "music tagger and library organizer"
 authors = ["Adrian Sampson <adrian@radbox.org>"]
 maintainers = ["Serene-Arc"]