diff --git a/esphome/components/network/ip_address.h b/esphome/components/network/ip_address.h
index 03ba6e85d5..7bf09078be 100644
--- a/esphome/components/network/ip_address.h
+++ b/esphome/components/network/ip_address.h
@@ -36,7 +36,7 @@ struct IPAddress {
   IPAddress(const std::string &in_address) { ipaddr_aton(in_address.c_str(), &ip_addr_); }
   IPAddress(ip4_addr_t *other_ip) {
     memcpy((void *) &ip_addr_, (void *) other_ip, sizeof(ip4_addr_t));
-#if USE_ESP32
+#if USE_ESP32 && LWIP_IPV6
     ip_addr_.type = IPADDR_TYPE_V4;
 #endif
   }
diff --git a/esphome/const.py b/esphome/const.py
index 6d15e304a5..e8692dc43c 100644
--- a/esphome/const.py
+++ b/esphome/const.py
@@ -1,6 +1,6 @@
 """Constants used by esphome."""
 
-__version__ = "2023.10.2"
+__version__ = "2023.10.3"
 
 ALLOWED_NAME_CHARS = "abcdefghijklmnopqrstuvwxyz0123456789-_"
 VALID_SUBSTITUTIONS_CHARACTERS = (