diff --git a/homeassistant/components/velbus/__init__.py b/homeassistant/components/velbus/__init__.py
index ca6bad062246..6805e9327689 100644
--- a/homeassistant/components/velbus/__init__.py
+++ b/homeassistant/components/velbus/__init__.py
@@ -143,16 +143,6 @@ async def async_migrate_entry(
         "Migrating from version %s.%s", config_entry.version, config_entry.minor_version
     )
 
-    # This is the config entry migration for adding the new program selection
-    # migrate from 1.x to 2.1
-    if config_entry.version < 2:
-        # clean the velbusCache
-        cache_path = hass.config.path(
-            STORAGE_DIR, f"velbuscache-{config_entry.entry_id}/"
-        )
-        if os.path.isdir(cache_path):
-            await hass.async_add_executor_job(shutil.rmtree, cache_path)
-
     # This is the config entry migration for swapping the usb unique id to the serial number
     # migrate from 2.1 to 2.2
     if (
@@ -166,8 +156,20 @@ async def async_migrate_entry(
         if len(parts) == 4:
             hass.config_entries.async_update_entry(config_entry, unique_id=parts[1])
 
+    # This is the config entry migration for adding the new program selection
+    # migrate from < 2 to 2.1
+    # This is the config entry migration for adding the new properties
+    # migrate from < 3 to 3.2
+    if config_entry.version < 3:
+        # clean the velbusCache
+        cache_path = hass.config.path(
+            STORAGE_DIR, f"velbuscache-{config_entry.entry_id}/"
+        )
+        if os.path.isdir(cache_path):
+            await hass.async_add_executor_job(shutil.rmtree, cache_path)
+
     # update the config entry
-    hass.config_entries.async_update_entry(config_entry, version=2, minor_version=2)
+    hass.config_entries.async_update_entry(config_entry, version=3, minor_version=2)
 
     _LOGGER.error(
         "Migration to version %s.%s successful",
diff --git a/homeassistant/components/velbus/config_flow.py b/homeassistant/components/velbus/config_flow.py
index a413a41a1271..e43ad364e841 100644
--- a/homeassistant/components/velbus/config_flow.py
+++ b/homeassistant/components/velbus/config_flow.py
@@ -36,7 +36,7 @@ class InvalidVlpFile(HomeAssistantError):
 class VelbusConfigFlow(ConfigFlow, domain=DOMAIN):
     """Handle a config flow."""
 
-    VERSION = 2
+    VERSION = 3
     MINOR_VERSION = 2
 
     def __init__(self) -> None:
diff --git a/tests/components/velbus/snapshots/test_diagnostics.ambr b/tests/components/velbus/snapshots/test_diagnostics.ambr
index a280bf4c9c2f..6667c8a35086 100644
--- a/tests/components/velbus/snapshots/test_diagnostics.ambr
+++ b/tests/components/velbus/snapshots/test_diagnostics.ambr
@@ -20,7 +20,7 @@
       ]),
       'title': 'Mock Title',
       'unique_id': None,
-      'version': 2,
+      'version': 3,
     }),
     'modules': list([
       dict({
diff --git a/tests/components/velbus/test_init.py b/tests/components/velbus/test_init.py
index fc9046f977fd..246f2aa8c17f 100644
--- a/tests/components/velbus/test_init.py
+++ b/tests/components/velbus/test_init.py
@@ -114,11 +114,45 @@ async def test_migrate_config_entry(
     entry.add_to_hass(hass)
 
     # test in case we do not have a cache
-    with patch("os.path.isdir", return_value=True), patch("shutil.rmtree"):
+    with (
+        patch("os.path.isdir", return_value=True),
+        patch("shutil.rmtree") as mock_rmtree,
+    ):
         await hass.config_entries.async_setup(entry.entry_id)
         assert dict(entry.data) == legacy_config
-        assert entry.version == 2
+        assert entry.version == 3
         assert entry.minor_version == 2
+        mock_rmtree.assert_called_once()
+
+
+async def test_migrate_config_entry_32(
+    hass: HomeAssistant,
+    controller: MagicMock,
+) -> None:
+    """Test successful migration of entry data."""
+    legacy_config = {CONF_NAME: "fake_name", CONF_PORT: "1.2.3.4:5678"}
+    entry = MockConfigEntry(
+        domain=DOMAIN,
+        unique_id="my own id",
+        data=legacy_config,
+        version=2,
+        minor_version=2,
+    )
+    assert entry.version == 2
+    assert entry.minor_version == 2
+
+    entry.add_to_hass(hass)
+
+    # test in case we do not have a cache
+    with (
+        patch("os.path.isdir", return_value=True),
+        patch("shutil.rmtree") as mock_rmtree,
+    ):
+        await hass.config_entries.async_setup(entry.entry_id)
+        assert dict(entry.data) == legacy_config
+        assert entry.version == 3
+        assert entry.minor_version == 2
+        mock_rmtree.assert_called_once()
 
 
 @pytest.mark.parametrize(
@@ -141,7 +175,7 @@ async def test_migrate_config_entry_unique_id(
 
     await hass.config_entries.async_setup(entry.entry_id)
     assert entry.unique_id == expected
-    assert entry.version == 2
+    assert entry.version == 3
     assert entry.minor_version == 2