Could you expand on your motivation for this question? I think I have found a counterexample, essentially because if this identity was true, it would have to be an easy consequence of the simplicial identities.
The functor $F$ that sends a simplicial set $K_*$ to the $n$-simplices satisfying this condition is corepresented by some simplicial set $X^n$, i.e. there is a natural isomorphism $F(K) \cong \operatorname{sSet}(X^n,K)$, and by the Yoneda lemma it suffices to check this identity for the universal example $X^n$. Explicitly, it is given by the pushout
$$
\begin{array}{ccc}
\bigsqcup_{0}^n \Delta^{n-1} &\xrightarrow{\bigsqcup i\text{-th face}} & \Delta^n\\
\downarrow & & \downarrow\\
\Delta^{n-1} & \xrightarrow{\qquad} & X^n
\end{array}
$$
i.e. we identify all the faces of the "free" $n$-simplex.
By the simplicial identities, one can show that all iterated faces of the non-degenerate $n$-simplex of $X_n$ are equal. This shows that in the above pushout description, we can glue the faces of the $\Delta^{n-1}$'s together to obtain a pushout diagram
$$
\begin{array}{ccc}
\partial \Delta^{n} &\hookrightarrow & \Delta^n\\
\downarrow & & \downarrow\\
X^{n-1} & \to & X^n
\end{array}
$$
where the left-hand downward map is constructed inductively from the right-hand one. Since injections of simplicial sets are stable under pushouts, $X^{n-1}\to X^n$ is injective, and we see that $X^n$ has exactly one non-degenerate $k$-simplex for $0\le k\le n$, all of whose faces are equal to the non-degenerate $k-1$-simplex. This shows already that your simplex $y$ need not be degenerate.
There is an obvious map $X_n\to S^n = \Delta^n/\partial \Delta^n$ by collapsing $X^{n-1}$ inside $X^n$ which sends the non-degenerate $n$-simplex of $X^n$ to that of $S^n$ - on corepresented functors, this just says that an $n$-simplex all of whose faces are degeneracies of a $0$-vertex must have all faces equal. For $S^n$, it is not that difficult to see that all degeneracies of the nondegenerate $n$-simplex are pairwise different (each one has exactly two non-degenerate faces which are at different positions), so this must hold for $X^n$ as well.
Now $X^{n-1}\to X^n$ is injective, so the degeneracies of the nondegenerate $(n-1)$-simplex of $X^n$ are pairwise different. But this is "the" face of the nondegenerate $n$-simplex. So this is a counterexample once $n\ge 2$.
Here is an explicit description of the simplicial set $X^n$: its $k$-simplices are given by partitions of $[k]$ into at most $n+1$ nonempty intervals. The preimage of a nonempty interval under a monotonous function is a (possibly empty) interval; throwing away the empty preimages, this defines a functor $X^n:\Delta^{op}\to \mathrm{Set}$. Now consider the partition of $[n]$ into singletons. Each of its faces is the partition of $[n-1]$ into singletons, so these are all equal. Its degeneracies are the various partitions of $[n]$ into $n-1$ singletons and one pair, and these are all different for $n\ge 2$.
In the comments, the question was raised whether an $n$-simplex is a degeneracy of (one of) its $0$-faces if all of its degeneracies $s_k x$ are equal. More formally, this asks whether
$$
\begin{array}{ccc}
\bigsqcup_{0}^n \Delta^{n+1} &\xrightarrow{\bigsqcup i\text{-th degeneracy}} & \Delta^n\\
\downarrow & & \downarrow\\
\Delta^{n+1} & \xrightarrow{\qquad} & \Delta^0
\end{array}
$$
is a pushout diagram. This is indeed true: The simplicial identities imply that $d_0s_0 = \operatorname{id}$ and $d_0^ks_k = s_0d_0^k$, thus $d_0^k x = d_0^{k+1} s_0 x = d_0^{k+1} s_{k+1} x = s_0 d_0^{k+1} x$, and an easy induction shows that $x = d_0^0 x = s_0^n d_0^n x$, so $x$ is an $n$-fold degenerate simplex.