Controlling the photon statistics of light is paramount for quantum science and technologies. Recently, we demonstrated that transmitting resonant laser light past an ensemble of two-level emitters can result in a stream of single photons or excess photon pairs. This transformation is due to quantum interference between the transmitted laser light and the incoherently scattered photon pairs [Prasad etal., Nat. Photonics 14, 719 (2020)NPAHBY1749-488510.1038/s41566-020-0692-z]. Here, using the dispersion of the atomic medium, we actively control the relative quantum phase between these two components. We thereby realize a tunable two-photon interferometer and observe interference fringes in the normalized photon coincidence rate. When tuning the relative phase, the coincidence rate varies periodically, giving rise to a continuous modification of the photon statistics from antibunching to bunching. Beyond the fundamental insight that there exists a tunable quantum phase between incoherent and coherent light that dictates the photon statistics, our results lend themselves to the development of novel quantum light sources.