diff --git a/docs/js/templateData.js b/docs/js/templateData.js
index b7b23e8487f88..a75567d214270 100644
--- a/docs/js/templateData.js
+++ b/docs/js/templateData.js
@@ -19,6 +19,6 @@ limitations under the License.
 var context={
     "version": "32",
     "dotVersion": "3.2",
-    "fullDotVersion": "3.2.0",
+    "fullDotVersion": "3.2.1-SNAPSHOT",
     "scalaVersion": "2.13"
 };
diff --git a/gradle.properties b/gradle.properties
index 0bf706b825c6d..0164a5aac6c45 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -20,7 +20,7 @@ group=org.apache.kafka
 #  - tests/kafkatest/__init__.py
 #  - tests/kafkatest/version.py (variable DEV_VERSION)
 #  - kafka-merge-pr.py
-version=3.2.0
+version=3.2.1-SNAPSHOT
 scalaVersion=2.13.6
 task=build
 org.gradle.jvmargs=-Xmx2g -Xss4m -XX:+UseParallelGC
diff --git a/kafka-merge-pr.py b/kafka-merge-pr.py
index 89b756e04abae..b6051b173f2b9 100755
--- a/kafka-merge-pr.py
+++ b/kafka-merge-pr.py
@@ -70,7 +70,7 @@
 
 DEV_BRANCH_NAME = "trunk"
 
-DEFAULT_FIX_VERSION = os.environ.get("DEFAULT_FIX_VERSION", "3.2.0")
+DEFAULT_FIX_VERSION = os.environ.get("DEFAULT_FIX_VERSION", "3.2.1-SNAPSHOT")
 
 ORIGINAL_HEAD = ""
 
diff --git a/streams/quickstart/java/pom.xml b/streams/quickstart/java/pom.xml
index 1ae45f038366c..98fefeb8f8dd5 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>3.2.0</version>
+        <version>3.2.1-SNAPSHOT</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 8ec9afe6aeebe..b6248d3990eb5 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>3.2.0</kafka.version>
+        <kafka.version>3.2.1-SNAPSHOT</kafka.version>
         <slf4j.version>1.7.7</slf4j.version>
         <log4j.version>1.2.17</log4j.version>
     </properties>
diff --git a/streams/quickstart/pom.xml b/streams/quickstart/pom.xml
index 587f8a2f06511..23c8111b10efe 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>3.2.0</version>
+    <version>3.2.1-SNAPSHOT</version>
 
     <name>Kafka Streams :: Quickstart</name>
 
diff --git a/tests/kafkatest/__init__.py b/tests/kafkatest/__init__.py
index 9808eb57301ba..397047de9af96 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__ = '3.2.0'
+__version__ = '3.2.1.dev0'