diff --git a/pkgs/tools/misc/esphome/dashboard.nix b/pkgs/tools/misc/esphome/dashboard.nix
index 4f78863812e2..94b012aa366f 100644
--- a/pkgs/tools/misc/esphome/dashboard.nix
+++ b/pkgs/tools/misc/esphome/dashboard.nix
@@ -12,19 +12,19 @@
 
 buildPythonPackage rec {
   pname = "esphome-dashboard";
-  version = "20240620.0";
+  version = "20241120.0";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "esphome";
     repo = "dashboard";
     rev = "refs/tags/${version}";
-    hash = "sha256-LmIxfX3rcRK90h31J0B5T02f48MCctFERgXxf0zkDm0=";
+    hash = "sha256-insoDWHqMFAGgmsY2ZgNuo1cl0WGJXRy398bt3ADORs=";
   };
 
   npmDeps = fetchNpmDeps {
     inherit src;
-    hash = "sha256-xMVESS1bPNJF07joUgY8ku+GWtflWhM8mYAv0emggc8=";
+    hash = "sha256-UKrF7yzyj09WBrmrJ6uzcRjIYrKwCqLQ5paiqnt/Xuc=";
   };
 
   build-system = [ setuptools ];
diff --git a/pkgs/tools/misc/esphome/default.nix b/pkgs/tools/misc/esphome/default.nix
index 2eea4ec1314a..9ad9e5dd77f6 100644
--- a/pkgs/tools/misc/esphome/default.nix
+++ b/pkgs/tools/misc/esphome/default.nix
@@ -21,14 +21,14 @@ let
 in
 python.pkgs.buildPythonApplication rec {
   pname = "esphome";
-  version = "2024.10.3";
+  version = "2024.11.0";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = pname;
     repo = pname;
     rev = "refs/tags/${version}";
-    hash = "sha256-13hNX9uaQbO/IKUkGaOITKh+REqUCHirbTPRgomzHBU=";
+    hash = "sha256-YH/i1W9d79ZnQCiLiAMHn6goa0l/kqL4MddKYcgLOjg=";
   };
 
   build-systems = with python.pkgs; [
@@ -56,7 +56,7 @@ python.pkgs.buildPythonApplication rec {
     cat requirements_optional.txt >> requirements.txt
     # relax strict runtime version check
     substituteInPlace esphome/components/font/__init__.py \
-      --replace-fail "10.2.0" "${python.pkgs.pillow.version}"
+      --replace-fail "10.4.0" "${python.pkgs.pillow.version}"
   '';
 
   # Remove esptool and platformio from requirements
@@ -76,7 +76,9 @@ python.pkgs.buildPythonApplication rec {
     colorama
     cryptography
     esphome-dashboard
+    freetype-py
     icmplib
+    glyphsets
     kconfiglib
     packaging
     paho-mqtt