diff --git a/configure.ac b/configure.ac
index 40b87e36d3..d076eb5ab4 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@ dnl
 dnl SEE RELEASE.md FOR INSTRUCTIONS ON HOW TO DO A RELEASE.
 dnl
 m4_define([year_version], [2024])
-m4_define([release_version], [6])
+m4_define([release_version], [7])
 m4_define([package_version], [year_version.release_version])
 AC_INIT([rpm-ostree], [package_version], [coreos@lists.fedoraproject.org])
 AC_CONFIG_HEADER([config.h])
diff --git a/packaging/rpm-ostree.spec b/packaging/rpm-ostree.spec
index 95f9c165ed..4ac3865600 100644
--- a/packaging/rpm-ostree.spec
+++ b/packaging/rpm-ostree.spec
@@ -3,7 +3,7 @@
 
 Summary: Hybrid image/package system
 Name: rpm-ostree
-Version: 2024.6
+Version: 2024.7
 Release: 1%{?dist}
 License: LGPL-2.0-or-later
 URL: https://github.com/coreos/rpm-ostree