diff --git a/homeassistant/const.py b/homeassistant/const.py
index b83fca3dfd4..8399729f4ce 100644
--- a/homeassistant/const.py
+++ b/homeassistant/const.py
@@ -2,7 +2,7 @@
 """Constants used by Home Assistant components."""
 MAJOR_VERSION = 0
 MINOR_VERSION = 48
-PATCH_VERSION = 0
+PATCH_VERSION = 1
 __short_version__ = '{}.{}'.format(MAJOR_VERSION, MINOR_VERSION)
 __version__ = '{}.{}'.format(__short_version__, PATCH_VERSION)
 REQUIRED_PYTHON_VER = (3, 4, 2)