Magnetic nanocomposites composed of superparamagnetic magnetite nanoparticles in a pectin matrix were synthesized by an in situ coprecipitation method. The pectin matrix acted as a stabilizer and size control host for the magnetite nanoparticles (MNPs) ensuring particle size homogeneity. The effects of the different reactant ratios and nanocomposite drying conditions on the magnetic properties were investigated. The nanocomposites were characterized by X-ray diffraction (XRD), scanning electron microscopy (SEM), transmission electron microscopy (TEM), energy dispersive X-ray spectroscopy (EDX), Fourier-transform infrared (FT-IR) spectroscopy, and superconducting quantum interference device magnetometer (SQUID). Superparamagnetic magnetite nanoparticles with mean diameters of 9 and 13 nm were obtained, and the freeze-dried nanocomposites had a saturation magnetization of 54 and 53 emu/g, respectively.