The 1931 Homestead Grays baseball team competed as an independent in Negro league baseball during the 1931 baseball season. The team compiled a 34–21–1 () record.
The team featured seven individuals who were later inducted into the Baseball Hall of Fame: manager Cumberland Posey, first baseman Oscar Charleston; catcher Josh Gibson; third baseman Jud Wilson; and pitchers Bill Foster, Smokey Joe Williams, and Satchel Paige.
The team's leading batters were: Third baseman Jud Wilson - .415 batting average, .707 slugging percentage, 10 home runs, and 44 RBIs First baseman Oscar Charleston - .333 batting average Second baseman George Scales - .318 batting average, .555 slugging percentage Catcher Josh Gibson - .311 batting average
The team's leading pitchers were Bill Foster (9–2, 2.34 ERA) and Smokey Joe Williams (6–2, 2.41 ERA).
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