Difficult to say without examination.
A cyst or abscess can present acutely like this, especially if it is associated with infection. A malignant or cancerous cause is unlikely to present that quickly.
If it continues, the lesion can be drained or biopsied by a surgeon or dermatologist.
This options can be discussed with your personal physician.
Followup with your personal physician is essential.
This answer is not intended as and does not substitute for medical advice - the information presented is for patient education only. Please see your personal physician for further evaluation of your individual case.
Kevin, M.D.
kevinmd_