Mostly it will be sebaceous cyst or lipoma.
A clinical examination will give better idea.
It might require excision or may not.
Next Steps
I suggest consult a good surgeon near by in person.
if it's not possible to consult offline. try sharing duration of cyst, change in size, and good quality picture. for online consultation.
Health Tips
watch for sudden change in size within months or weeks. in that cse consult immediately.
all the best.