diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6da388d907b..6608889b880 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+## [Release 2.48.1](https://github.com/aws-amplify/aws-sdk-android/releases/tag/release_v2.48.1)
+
+### Miscellaneous
+- Fix: Ensure initial TransferState is reported on setting TransferListener (#2930)
+
+[See all changes between 2.48.0 and 2.48.1](https://github.com/aws-amplify/aws-sdk-android/compare/release_v2.48.0...release_v2.48.1)
+
 ## [Release 2.48.0](https://github.com/aws-amplify/aws-sdk-android/releases/tag/release_v2.48.0)
 
 ### Features
diff --git a/gradle.properties b/gradle.properties
index 1eedf672c51..3cc7c5a8570 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -26,7 +26,7 @@ android.enableJetifier=true
 
 GROUP=com.amazonaws
 
-VERSION_NAME=2.48.0
+VERSION_NAME=2.48.1
 
 POM_URL=https://github.com/aws/aws-sdk-android
 POM_SCM_URL=https://github.com/aws/aws-sdk-android