diff --git a/homeassistant/components/recorder/manifest.json b/homeassistant/components/recorder/manifest.json
index 98b6d15facb..feeccbab612 100644
--- a/homeassistant/components/recorder/manifest.json
+++ b/homeassistant/components/recorder/manifest.json
@@ -7,7 +7,7 @@
   "iot_class": "local_push",
   "quality_scale": "internal",
   "requirements": [
-    "SQLAlchemy==2.0.27",
+    "SQLAlchemy==2.0.28",
     "fnv-hash-fast==0.5.0",
     "psutil-home-assistant==0.0.1"
   ]
diff --git a/homeassistant/components/sql/manifest.json b/homeassistant/components/sql/manifest.json
index b440b795e0e..0935b9ae5e5 100644
--- a/homeassistant/components/sql/manifest.json
+++ b/homeassistant/components/sql/manifest.json
@@ -5,5 +5,5 @@
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/sql",
   "iot_class": "local_polling",
-  "requirements": ["SQLAlchemy==2.0.27", "sqlparse==0.4.4"]
+  "requirements": ["SQLAlchemy==2.0.28", "sqlparse==0.4.4"]
 }
diff --git a/homeassistant/package_constraints.txt b/homeassistant/package_constraints.txt
index 99f3eb074bd..030aafc4df7 100644
--- a/homeassistant/package_constraints.txt
+++ b/homeassistant/package_constraints.txt
@@ -52,7 +52,7 @@ PyTurboJPEG==1.7.1
 pyudev==0.23.2
 PyYAML==6.0.1
 requests==2.31.0
-SQLAlchemy==2.0.27
+SQLAlchemy==2.0.28
 typing-extensions>=4.10.0,<5.0
 ulid-transform==0.9.0
 urllib3>=1.26.5,<2
diff --git a/pyproject.toml b/pyproject.toml
index c2825830481..19b8f810899 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -55,7 +55,7 @@ dependencies    = [
     "python-slugify==8.0.4",
     "PyYAML==6.0.1",
     "requests==2.31.0",
-    "SQLAlchemy==2.0.27",
+    "SQLAlchemy==2.0.28",
     "typing-extensions>=4.10.0,<5.0",
     "ulid-transform==0.9.0",
     # Constrain urllib3 to ensure we deal with CVE-2020-26137 and CVE-2021-33503
diff --git a/requirements.txt b/requirements.txt
index 61c531e16c1..b7a970bc967 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -31,7 +31,7 @@ psutil-home-assistant==0.0.1
 python-slugify==8.0.4
 PyYAML==6.0.1
 requests==2.31.0
-SQLAlchemy==2.0.27
+SQLAlchemy==2.0.28
 typing-extensions>=4.10.0,<5.0
 ulid-transform==0.9.0
 urllib3>=1.26.5,<2
diff --git a/requirements_all.txt b/requirements_all.txt
index 921987ad392..1385545dbc3 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -128,7 +128,7 @@ RtmAPI==0.7.2
 
 # homeassistant.components.recorder
 # homeassistant.components.sql
-SQLAlchemy==2.0.27
+SQLAlchemy==2.0.28
 
 # homeassistant.components.tami4
 Tami4EdgeAPI==2.1
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 0e2024e0ccc..11bead1f992 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -113,7 +113,7 @@ RtmAPI==0.7.2
 
 # homeassistant.components.recorder
 # homeassistant.components.sql
-SQLAlchemy==2.0.27
+SQLAlchemy==2.0.28
 
 # homeassistant.components.tami4
 Tami4EdgeAPI==2.1
diff --git a/tests/components/recorder/test_init.py b/tests/components/recorder/test_init.py
index 1c8e9da551e..b84b672f3d4 100644
--- a/tests/components/recorder/test_init.py
+++ b/tests/components/recorder/test_init.py
@@ -2228,6 +2228,10 @@ async def test_connect_args_priority(hass: HomeAssistant, config_url) -> None:
         def __init__(*args, **kwargs):
             ...
 
+        @property
+        def is_async(self):
+            return False
+
         def connect(self, *args, **params):
             nonlocal connect_params
             connect_params.append(params)