Magnesium ferrite MgFe2O4 was synthesized with two different methods, spark plasma sintering (SPS) and conventional solid-state reaction sintering (SSRS), and thermoelectric properties were investigated. SPS processing was found to yield two attractive features: SPS at 900 °C enabled retaining the submicron particle size of 0.3–0.5 µm from ball-milling, leading to lower thermal conductivity, 3 W/mK@300 K. 1200 °C SPS sintering led to the same sample grain size of 1.0–3.0 µm as SSRS, but still exhibited significantly lower thermal conductivity of 4.3 W/mK@300 K compared to the SSRS sample with 14 W/mK@300 K, which exhibited neck formation between particles. Furthermore, while the finer microstructuring led to a reduction in the thermal conductivity, the resistivity of SPS MgFe2O4 showed little dependence on the particle size at expected thermoelectric working temperatures above 523 K, which indicates success to some degree of phonon selective scattering due to differences in mean-free-paths of electrons and phonons. As a process, SPS samples are found to exhibit four- to sevenfold enhancement of ZT compared to the conventional SSRS sample. While the maximum ZT in the present samples is relatively low, taking a value of 0.07 for the SPS 1200 °C sintered sample, the processing insights may be utilized for similar systems.