I would also suggest checking your cleat rotation. When you stand naturally, do you toe in or out on that side. It may not be even side to side and that's OK. The way I check clients when I do fittings is to get them to barefoot run on the spot for about 5 steps per foot, small steps, then stop suddenly and look at where they land. If you naturally toe in or out, your cleats should be adjusted to allow this natural foot position to occur.
Also, putting your cleats farther back on the shoe can decrease hot spots and the ball of the foot.
It does sound like whatever is going on is irritating your IT band complex so using a foam roller on your thigh and hip can be helpful as someone else has mentioned above. You want to focus on the outer and front thigh and hip, and the back of the hip.
Living life like there's no tomorrow.
http://gorgebikefitter.com/
2007 Look Dura Ace
2010 Custom Tonic cross with discs, SRAM
2012 Moots YBB 2 x 10 Shimano XTR
2014 Soma B-Side SS