diff --git a/requirements/common.in b/requirements/common.in
index b6168b06a3..8526afb39f 100644
--- a/requirements/common.in
+++ b/requirements/common.in
@@ -98,7 +98,7 @@ ndg-httpsclient==0.4.4
 pika==0.11.0
 
 # Needed to access our database
-psycopg2==2.7.3.2
+psycopg2==2.7.4 --no-binary psycopg2
 
 pyasn1==0.4.2
 pyasn1-modules==0.2.1
diff --git a/requirements/dev.txt b/requirements/dev.txt
index 1ab32f0dc4..1f2e0d6607 100644
--- a/requirements/dev.txt
+++ b/requirements/dev.txt
@@ -7,6 +7,8 @@
 #
 # For details, see requirements/README.md .
 #
+--no-binary psycopg2
+
 git+https://github.com/zulip/talon.git@7d8bdc4dbcfcc5a73298747293b99fe53da55315#egg=talon==1.2.10.zulip1
 git+https://github.com/zulip/ultrajson@70ac02bec#egg=ujson==1.35+git
 git+https://github.com/zulip/virtualenv-clone.git@44e831da39ffb6b9bb5c7d103d98babccdca0456#egg=virtualenv-clone==0.2.6.zulip1
@@ -106,7 +108,7 @@ polib==1.1.0
 premailer==3.1.1
 prompt-toolkit==1.0.15    # via ipython
 psutil==5.4.1             # via mypy
-psycopg2==2.7.3.2
+psycopg2==2.7.4
 ptyprocess==0.5.2         # via pexpect
 py3dns==3.1.0
 pyaml==17.10.0            # via moto
diff --git a/requirements/prod.txt b/requirements/prod.txt
index 9ba07f5ce1..409ab8bd83 100644
--- a/requirements/prod.txt
+++ b/requirements/prod.txt
@@ -7,6 +7,8 @@
 #
 # For details, see requirements/README.md .
 #
+--no-binary psycopg2
+
 git+https://github.com/zulip/talon.git@7d8bdc4dbcfcc5a73298747293b99fe53da55315#egg=talon==1.2.10.zulip1
 git+https://github.com/zulip/ultrajson@70ac02bec#egg=ujson==1.35+git
 git+https://github.com/zulip/virtualenv-clone.git@44e831da39ffb6b9bb5c7d103d98babccdca0456#egg=virtualenv-clone==0.2.6.zulip1
@@ -74,7 +76,7 @@ pillow==5.0.0
 polib==1.1.0
 premailer==3.1.1
 prompt-toolkit==1.0.15    # via ipython
-psycopg2==2.7.3.2
+psycopg2==2.7.4
 ptyprocess==0.5.2         # via pexpect
 py3dns==3.1.0
 pyasn1-modules==0.2.1
diff --git a/version.py b/version.py
index b520084530..8cd0167669 100644
--- a/version.py
+++ b/version.py
@@ -8,4 +8,4 @@ ZULIP_VERSION = "1.7.1+git"
 # Typically, adding a dependency only requires a minor version bump, and
 # removing a dependency requires a major version bump.
 
-PROVISION_VERSION = '15.0'
+PROVISION_VERSION = '15.1'