The interparticle distance has been systematically varied by controlling the concentration of 8-nm CoFe 2 O 4 or MnFe 2 O 4 spinel ferrite nanocrystals dispersed in eicosane. For both nanoparticulate systems, the blocking temperature decreased with increasing interparticle distance through dilution of nanocrystals, which suggests a decrease in the anisotropy energy barrier E A . The blocking temperature for MnFe 2 O 4 nanoparticles decreased continuously with decreasing nanocrystal concentration in eicosane. However, the blocking temperature for CoFe 2 O 4 remained constant until ∼15% (wt %) concentration, below which the blocking temperature decreased sharply. The reduced remanence (M R /M S ) decreased with decreasing interparticle distance for MnFe 2 O 4 , while it increased for CoFe 2 O 4 . The differences in magnetic response upon varying interparticle distance between the two systems are attributed to the strength of the dipole interactions. The behavior of the CoFe 2 O 4 nanoparticulate system is consistent with the notion of nanoparticulate cluster formation.