diff --git a/bazel/repository_locations.bzl b/bazel/repository_locations.bzl
index e410dfbf506eb..94e046db17e3d 100644
--- a/bazel/repository_locations.bzl
+++ b/bazel/repository_locations.bzl
@@ -85,9 +85,9 @@ REPOSITORY_LOCATIONS_SPEC = dict(
         project_name = "Bazel build tools",
         project_desc = "Developer tools for working with Google's bazel buildtool.",
         project_url = "https://github.com/bazelbuild/buildtools",
-        version = "7.1.2",
-        sha256 = "39c59cb5352892292cbe3174055aac187edcb5324c9b4e2d96cb6e40bd753877",
-        release_date = "2024-05-23",
+        version = "7.3.1",
+        sha256 = "051951c10ff8addeb4f10be3b0cf474b304b2ccd675f2cc7683cdd9010320ca9",
+        release_date = "2024-08-27",
         strip_prefix = "buildtools-{version}",
         urls = ["https://github.com/bazelbuild/buildtools/archive/v{version}.tar.gz"],
         use_category = ["test_only"],