diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 0b97f7533e..5a86c0906c 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.53.0"
+  ".": "1.53.1"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f5a63ae72..c3a5a3cecb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## 1.53.1 (2024-11-04)
+
+Full Changelog: [v1.53.0...v1.53.1](https://github.com/openai/openai-python/compare/v1.53.0...v1.53.1)
+
+### Bug Fixes
+
+* don't use dicts as iterables in transform ([#1842](https://github.com/openai/openai-python/issues/1842)) ([258f265](https://github.com/openai/openai-python/commit/258f26535744ab3b2f0746991fd29eae72ebd667))
+* support json safe serialization for basemodel subclasses ([#1844](https://github.com/openai/openai-python/issues/1844)) ([2b80c90](https://github.com/openai/openai-python/commit/2b80c90c21d3b2468dfa3bf40c08c5b0e0eebffa))
+
+
+### Chores
+
+* **internal:** bump mypy ([#1839](https://github.com/openai/openai-python/issues/1839)) ([d92f959](https://github.com/openai/openai-python/commit/d92f959aa6f49be56574b4d1d1ac5ac48689dd46))
+
 ## 1.53.0 (2024-10-30)
 
 Full Changelog: [v1.52.2...v1.53.0](https://github.com/openai/openai-python/compare/v1.52.2...v1.53.0)
diff --git a/pyproject.toml b/pyproject.toml
index 46aced6fba..974e5fc740 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openai"
-version = "1.53.0"
+version = "1.53.1"
 description = "The official Python library for the openai API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/openai/_version.py b/src/openai/_version.py
index afda9b903f..9d221eb538 100644
--- a/src/openai/_version.py
+++ b/src/openai/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "openai"
-__version__ = "1.53.0"  # x-release-please-version
+__version__ = "1.53.1"  # x-release-please-version