Villain is a 14/11 regular. I've seen him at quite a few of my tables. I rarely ever defend out of the blinds because I feel that I really play -EV postflop OOP in a 3bet pot

His preflop overcall range was AK, JJ+ and his flop action is really screaming KK+. Is my fold too tight?

PokerStars No-Limit Hold'em, $0.50 BB (6 handed) - Poker-Stars Converter Tool from FlopTurnRiver.com

saw flop

Button ($37.30)
Hero (SB) ($53.35)
BB ($50.75)
UTG ($75.40)
MP ($36.95)
CO ($118.35)

Preflop: Hero is SB with Q, Q
3 folds, Button bets $1.50, Hero raises to $5, BB calls $4.50, Button calls $3.50

Flop: ($15) 7, 3, 10 (3 players)
Hero bets $10, BB raises to $45.75 (All-In), 1 fold, Hero folds

Total pot: $35 | Rake: $1.70