diff --git a/gradle.properties b/gradle.properties
index 5c98872635b35..64699c9e46196 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -23,7 +23,7 @@ group=org.apache.kafka
 #  - streams/quickstart/pom.xml
 #  - streams/quickstart/java/src/main/resources/archetype-resources/pom.xml
 #  - streams/quickstart/java/pom.xml
-version=3.7.1-SNAPSHOT
+version=3.7.1
 scalaVersion=2.13.12
 # Adding swaggerVersion in gradle.properties to have a single version in place for swagger
 # New version of Swagger 2.2.14 requires minimum JDK 11.
diff --git a/streams/quickstart/java/pom.xml b/streams/quickstart/java/pom.xml
index b30e1a2b6a98c..e3dcb0bec4ef3 100644
--- a/streams/quickstart/java/pom.xml
+++ b/streams/quickstart/java/pom.xml
@@ -26,7 +26,7 @@
     <parent>
         <groupId>org.apache.kafka</groupId>
         <artifactId>streams-quickstart</artifactId>
-        <version>3.7.1-SNAPSHOT</version>
+        <version>3.7.1</version>
         <relativePath>..</relativePath>
     </parent>
 
diff --git a/streams/quickstart/java/src/main/resources/archetype-resources/pom.xml b/streams/quickstart/java/src/main/resources/archetype-resources/pom.xml
index fe01117cbc208..67311b9062d1f 100644
--- a/streams/quickstart/java/src/main/resources/archetype-resources/pom.xml
+++ b/streams/quickstart/java/src/main/resources/archetype-resources/pom.xml
@@ -29,7 +29,7 @@
 
     <properties>
         <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
-        <kafka.version>3.7.1-SNAPSHOT</kafka.version>
+        <kafka.version>3.7.1</kafka.version>
         <slf4j.version>1.7.36</slf4j.version>
     </properties>
 
diff --git a/streams/quickstart/pom.xml b/streams/quickstart/pom.xml
index c8140758e2aa8..6e93711ed794b 100644
--- a/streams/quickstart/pom.xml
+++ b/streams/quickstart/pom.xml
@@ -22,7 +22,7 @@
     <groupId>org.apache.kafka</groupId>
     <artifactId>streams-quickstart</artifactId>
     <packaging>pom</packaging>
-    <version>3.7.1-SNAPSHOT</version>
+    <version>3.7.1</version>
 
     <name>Kafka Streams :: Quickstart</name>
 
diff --git a/tests/kafkatest/__init__.py b/tests/kafkatest/__init__.py
index f223087dd15b5..64841cd29d8a4 100644
--- a/tests/kafkatest/__init__.py
+++ b/tests/kafkatest/__init__.py
@@ -22,4 +22,4 @@
 # Instead, in development branches, the version should have a suffix of the form ".devN"
 #
 # For example, when Kafka is at version 1.0.0-SNAPSHOT, this should be something like "1.0.0.dev0"
-__version__ = '3.7.1.dev0'
+__version__ = '3.7.1'
diff --git a/tests/kafkatest/version.py b/tests/kafkatest/version.py
index 50cdb12843281..049e2648a9753 100644
--- a/tests/kafkatest/version.py
+++ b/tests/kafkatest/version.py
@@ -122,7 +122,7 @@ def get_version(node=None):
         return DEV_BRANCH
 
 DEV_BRANCH = KafkaVersion("dev")
-DEV_VERSION = KafkaVersion("3.7.1-SNAPSHOT")
+DEV_VERSION = KafkaVersion("{release_version}-SNAPSHOT")
 
 LATEST_METADATA_VERSION = "3.7"